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): Lot size: 10, Currency: BDT, Purpose: To meet future Capital Adequacy Requirement of IFIC Bank Limited as per Basel-III, Tenure: 7 years, Rate of Interest: 9.50% to 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% margin, Interest Payments: Semi Annual,(cont.2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf4d5a6b000040064505
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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