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Dhaka Tribune

IFIC Bank to issue 500C bond

The bank will issue the bond upon getting the approval of the Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank (BB)

Update : 31 Aug 2021, 05:09 PM

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.

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