IFIC bank approves issuing perpetual bond
The meeting was held on Thursday
Logo of IFIC Bank. Photo: Collected
IFIC Bank held an Extraordinary General Meeting (EGM) on Thursday.
The meeting approved the proposal of issuing the bank's first perpetual bond of Tk10,000 million as additional Tier-I capital to meet the regulatory requirement as per BASEL-III through private and public placement, read a press release.
The meeting was presided over by the chairman of the board of directors of the bank Salman Fazlur Rahman.
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The meeting was attended by Vice-Chairman Ahmed Shayan Fazlur Rahman, Company Secretary Md Mokammel Hoque, and directors of the bank, among other shareholders.
