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Price Sensitive Information for Issuance of Subordinated Bond for Tk.400.00 crore

Price Sensitive Information for Issuance of Subordinated Bond for Tk.400.00 crore

11/05/2016

We are pleased to inform you that the Board of Directors of National Credit and Commerce Bank Limited in its 336r" meeting held today, the May 11, 2015 has decided to issue NCC Bank 7 (seven) years Non-Convertible, Redeemable Subordinated Bond for Tk.400.00 crore (Taka four hundred crore) only for raising fund to have regulatory capital support under Tier-2 category of BASEL III, subject to approval of the Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC).
The above decision has been taken by the Board of Directors of the Bank at 5.30 p.m. in its 336th meeting held today in the Board Room of the Bank's Registered Office in Dhaka.

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