RegulatoryUCB
Brokers Asked to Suspend Margin Loans for UCB Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of UCB shares.
- Company
- United Commercial Bank PLC
- Announcement published
Original announcement
Refer to the earlier news dated 16.10.2019, The Company has further informed that the BSEC has accorded its consent for raising Additional Tier-I (AT-1) capital through issuance of unsecured, floating rate, conditional convertible UCB 1st Perpetual Bond of BDT 400 Crore only through private placement in cash consideration with interest of Benchmark rate (20-year Treasury-Bond rate) plus 2% p.a. margin with coupon floor rate of 8% p.a. and coupon ceiling rate of 10% p.a. (cont.)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b000040054def
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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