Corporate DisclosureABBANK
ABBANK Corporate Disclosure — 18 June 2017
Announcement summary
- What happened
- ABBANK published a corporate disclosure on 18 June 2017. Read the full announcement for details.
- Company
- AB Bank PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors has decided to issue fully redeemable non-convertible 7 Years variable rated Subordinated Bonds (AB Bank Sub-ordinate Bond-III) of Tk. 400.00 crore for enhancement of Tier _II Capital of the Bank, where the interest will be payable semi-annually (7%-10.5% or as fixed/approved by the Regulators) in arreas through Private Placement, subject to approval of the concerned Regulatory Authorities.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf0d5a6b00004005f363
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from ABBANK
Financial information is provided for general reference only and may be revised by the company. BullBD is not the official DSE website. Not investment advice.