News Briefs--(29-03-2018)

BSEC approves two bonds

The capital market regulator Wednesday approved two subordinated bonds worth Tk 10 billion to be issued by Dhaka Bank Limited and Jamuna Bank Limited. The approval came at a meeting of the Bangladesh Securities and Exchange Commission, presided over by its chairman Prof. M Khairul Hossain. Dhaka Bank will issue non-convertible floating rate subordinated bond worth Tk 5.0 billion. The tenure will be seven years. Per unit will be Tk 1.0 million. Jamuna Bank will issue non-convertible coupon-bearing subordinated bond worth Tk 5.0 billion. The bond is fully redeemable, coupon-bearing, unsecured, unlisted, subordinated. The tenure is seven years. Per unit price will be Tk 10 million. — FE Report

FAS Finance recommends 10pc stock div

FAS Finance & Investment Ltd has recommended 10 per cent stock dividend for the year ended on December 31, 2017. The AGM will be held on June 20, 2018 at 10:30 am at RAOWA Convention Hall, Hall No. 3 (Eagle), VIP Road, Mohakhali, Dhaka-1206. The record date is on April 19, 2018. FAS Finance & Investment Ltd. has also reported Consolidated EPS of Tk. 1.10, Consolidated NAV per share of Tk. 14.67 & Consolidated NOCFPS of Tk. 8.01 for the year ended on 31 December 2017 as against Tk. 0.72 (restated), Tk. 14.12 (restated) and Tk. 9.10(restated) respectively for the same period of the previous year. — DSE Online