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Issuance of Non-Convertible Subordinated Bond for Tk.700.00 crore of National Credit and Commerce Bank Limited.

Issuance of Non-Convertible Subordinated Bond for Tk.700.00 crore of National Credit and Commerce Bank Limited.

04/03/2019

We are pleased to inform you that the Board of Directors of National Credit and Commerce Bank Limited (NCCBL) in its 402nd meeting held today on March 04, 2019, among others, approved in principle for issuing of Non-Convertible Subordinated Bond of Tk.700.00 (Taka Seven hundred) crore only for raising fund to have regulatory capital support of the Bank under Tier 2 category of BASEL III at 6:00 P.M. subject to approval of Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC)


This is for kind information as per rules and regulations in force and record.

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