BB approves change of MBL Bond rate
Tuesday, 11 October 2011
The authorities of Mercantile Bank Ltd. have stated that Bangladesh Bank has approved the change of Coupon (Interest) rate of MBL Subordinated Bond from existing 12.00 per cent p.a. to 12.50 per cent p.a. while all other features of the bond will remain same. The Securities and Exchange Commission has also permitted 3-months time extension for issuance of aforesaid bond upto December 31, 2011. - DSE Online