RegulatoryIFIC
Brokers Asked to Suspend Margin Loans for IFIC Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of IFIC shares.
- Company
- IFIC Bank PLC
- Announcement published
Original announcement
(Continuation news of IFIC): in line with the Basel - III framework. The tenure of the bond will be 7 years from the date of issue. The rate of interest would be : Coupon Floor Rate 10.00% and Coupon Ceiling Rate 12.50% p.a. Actual rate will be based on cut - off rate of the latest auctioned 182 - days Bangladesh Government T-Bill plus 4.00% p.a. margin. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf2d5a6b000040062e01
- Original publication
- Last verified by BullBD
- Translation
- BullBD
More news from IFIC
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.