To Issue Subordinated Bond Worth BDT 4b By NCC Bank. The governing body of National Credit and Commerce Bank (NCC Bank) has chosen to issue non-convertible, redeemable subordinated bond worth BDT 4.0 billion, said an official divulgence on Thursday.
The bank will issue the security for raising asset to meet capital necessity under Basel III and to fortify the administrative capital base of the Bank.
The bond issue is liable to endorsement of the shareholders as a rule meeting, Bangladesh Securities and Exchange Commission and Bangladesh Bank, said the exposure.
NCC Bank was recorded on the Dhaka bourse in 2000.
The bank has a place with the “A” class.
The patron executives own 39.14 percent stake in the NCC Bank, while institutional financial specialists own 11.33 for each penny, remote speculators 0.60 for every penny and the overall population 48.93 for each penny as on January 31, 2016.
The organization’s paid-up capital is BDT 10,000 million and approved capital is BDT 8,832.18 million, while all out number of securities is 883,218,003, as indicated by measurements from the DSE.
Wednesday’s end cost of each NCC Bank offer was BDT 8.50.