RegulatoryABBANK
Brokers Asked to Suspend Margin Loans for ABBANK Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of ABBANK shares.
- Company
- AB Bank PLC.
- Announcement published
Original announcement
(continuation news of ABBANK): However Bangladesh Bank has revised and approved the following features of the Non - contrivable Subordinated Bond: Reference Rate: Average 6 months FDR rate of Private Commercial Banks (PCBs) instead of previously proposed 5 year BGTB cut - off yield; Coupon Margin: 2.50% instead of previously proposed 3.00%, Launching Rate: 10.50% instead of previously proposed "None", Coupon Range: 10.50% - 13.50% instead of previously proposed 11.50% - 13.50%. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf4d5a6b00004006392b
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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