Corporate DisclosureMERCANBANK
MERCANBANK Corporate Disclosure — 22 November 2020
Announcement summary
- What happened
- MERCANBANK published a corporate disclosure on 22 November 2020. Read the full announcement for details.
- Company
- Mercantile Bank PLC.
- Announcement published
Original announcement
The Company has informed that the Board of Directors has decided to issue coupon bearing non-convertible "Mercantile Bank 3d Subordinated Bond" up to BDT 500.00 Crore as Tier-II regulatory capital through private placement to strengthen the Capital base of the Bank under Basel-III guideline subject to approval from concerned regulatory authorities.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040055296
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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