IFIC Bank Ltd decided to issue Tk500 crore non-convertible coupon-bearing subordinate bonds.
The bank will issue the bond upon getting the approval of Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank (BB), it said in a filing with Dhaka Stock Exchange on Tuesday.
Earlier in 2020, IFIC Bank offered a 5% stock dividend to its shareholders. The closing price of each of its shares was Tk16.5 during Tuesday’s session.