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Regarding revised consent of issuing NCC Bank Unsecured, Conditional-convertible Floating Rate Perpetual Bond of Tk. 500.00 (Take five hundred) Crore of National Credit and Commerce Bank Limited.

Regarding revised consent of issuing NCC Bank Unsecured, Conditional-convertible Floating Rate Perpetual Bond of Tk. 500.00 (Take five hundred) Crore of National Credit and Commerce Bank Limited.

25/05/2021

Kindly refer to our earlier letter of Price Sensitive Information vide reference No. NCCB/HO/BOARD/2020/126 dated August 26, 2020 in this regard for issuing of Perpetual Bond of Tk. 500.00 (Taka five hundred) Crore.

02. Further we are pleased to inform you that upon our revised application dated March 02, 2021, Bangladesh Securities and Exchange Commission (BSEC) has kindly accorded their revised consent vide their letter No. BSEC/CI/DS-142/2021/397 dated May 20, 2021 in favor of National Credit and Commerce Bank Limited (NCCBL) under the provisions of the ‘’Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012’’ for issuing Unsecured, Conditional-convertible Floating Rate (@ Coupon floor Rate: 6.00% p.a and Coupon Ceiling Rate: 10.00% p.a.) Perpetual Bond of Tk. 500.00 (Taka five hundred) Crore to raise Additional Tier-1 Capital to strengthen the capital base of the Bank subject to compliance with the relevant laws and regulatory requirements. Mentionable that the Bank has received the said consent letter of BSEC at Bank’s  Head Office, Motijheel, Dhaka on May 23, 2021 at 01:30 P.M.

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

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