Business Desk :
IFIC Bank has decided to issue a Tk 500-crore non-convertible coupon bearing subordinated bond.
In a posting on the Dhaka Stock Exchange on Sunday, the private commercial lender informed that the board has decided to issue the bond.
This is the fourth non-convertible coupon-bearing subordinated bond for Tier 2 capital as per BASEL III and is subject to the approval of the Bangladesh Securities and Exchange Commission and the Bangladesh Bank.
