Reply To:
Name - Reply Comment
Last Updated : 2024-03-28 22:13:00
DFCC Bank PLC yesterday announced its director board’s decision to raise up to Rs.7 billion as Basel III compliant subordinated debt.
To this end the bank plans to issue 50 million Basel III compliant subordinated, listed, rated, unsecured, redeemable debentures with a non-viability conversion option each at an issue price of Rs.100 with term up to seven years.
The debt issue will also have an option to issue a further 20 million of the said debentures in the event an oversubscription of the first tranche.
The bank said the issuing of debentures will be subjected to all necessary regulatory and other approvals.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
Though the Government imposed VAT (Value Added Tax) on vegetables and other e
Saving energy has become more of a responsibility than a habit in today’s c
In the coming days, Muslims across the world will welcome the Holy Month of R
As of February 2024, Sri Lanka lost another 38 elephants as a result of the H
3 hours ago