IFIC Bank to issue 500cr bond
Business Desk
IFIC Bank Ltd decided to issue Tk500 crore non-convertible coupon-bearing subordinate bonds.
The bank will issue the bond upon getting the approval of Bangladesh Securities and Exchange Commission (BSEC) and Bangladesh Bank (BB), it said in a filing with Dhaka Stock Exchange on Tuesday.
Earlier in 2020, IFIC Bank offered a 5% stock dividend to its shareholders. The closing price of each of its shares was Tk16.5 during Tuesday’s session.
RICL’s Q2 earnings rise
Business Desk
The Q2 (April-June) earnings of Republic Insurance Company Limited (RICL) has increased by 70.27%.
In a filing with Dhaka Stock Exchange on Tuesday, the company said that its earnings per share (EPS) was Tk0.63 for the Q2 of 2021, up from Tk0.37 a year before.
Meanwhile, its net asset value (NAV) per share was Tk17.42 as of June 30, 2021, and Tk16.18 as of December 31, 2020.
Back in the year 2020, the insurance company offered 7% cash and 7% stock dividend to its shareholders. During Tuesday’s trade, the closing price for each of its shares was Tk63.
Global Business Summit in Dubai from Sept 29
Business Desk
A two-day “2nd Global Business Summit 2021” is going to be held on September 29-30 at Dubai, with the theme “Connect Your Business.”
This summit is aimed at harnessing business opportunities for Bangladeshi entrepreneurs and the overall national development of the country, said a press release.
Non-Resident Bangladeshis (NRBs), scattered across the world, along with foreign entrepreneurs are participating in this summit.
Numerous Bangladeshi conglomerates are also participating in this summit to showcase their products and projects.
The summit will also allow entrepreneurs from all over the world to get to know Bangladeshi products and its investment opportunities and at the same time there is a high probability of agreements being signed.
Investors attending the summit will realize and evaluate the economic power and capacity of Bangladesh.
