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
(Continuation news of UCB): amounting of Tk. 700.00 crore for 7 years tenure with interest of Benchmark rate plus 2.5% p.a. margin subject to coupon floor rate of 7.0% p.a. and Coupon Ceiling Rate of 10.50% pa. through Private Placement, subject to approval of Bangladesh Bank. The purpose of the proposed Subordinated Debt is to strengthen the capital base of the Bank. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acef05a6b00004005dc61
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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