Corporate DisclosureSTANDBANKL
STANDBANKL Corporate Disclosure — 30 April 2017
Announcement summary
- What happened
- STANDBANKL published a corporate disclosure on 30 April 2017. Read the full announcement for details.
- Company
- Standard Islami Bank PLC.
- Announcement published
Original announcement
The Company has informed that BSEC has accorded consent under the provisions of the Securities and Exchange Commission (private Placement of Debt Securities) Rules, 2012, for raising of Tier II Regulatory Capital by Standard Bank Ltd. through issuance of Non-Convertible Coupon Bearing Subordinated Debt amounting to Tk. 400.00 crore only through Private Placement subject to approval from Bangladesh Bank. The purpose of the proposed Subordinated Debt is to strengthen the capital base of the Company.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf0d5a6b00004005f894
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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