News Briefs-(15-10-2018)

Trust Bank to issue Tk 5.0b bond

BSEC has approved a proposal of Trust Bank Ltd. to raise a capital of Tk 5.0 billion by issuing 'TBL Fully Redeemable Non-Convertible Unsecured Subordinated Bond IV' through private placement. The securities regulator has given consent under the provisions of the Securities and Exchange Commission (Private Placement) Rules, 2012. The consent has been accorded subject to NOC from Bangladesh Bank and compliance with the relevant laws and regulatory requirements and shall also adhere to the conditions imposed by the BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969. Tenor of the bond is 7 years. The purpose of issuing the bond is to strengthen Tier II Capital of the bank. Face value and issue price of the bond is Tk 10 million.

— CSE Online

AlphaRating rates First Finance 'BBB'

Alpha Credit Rating Limited (AlphaRating) has rated First Finance Limited as "BBB" in the long term and "ST-3" in the short term along with a stable outlook based on audited financial statements of the company up to December 31, 2017 and relevant qualitative information up to October 13, 2018.

Board meetings

The City Bank Limited: The board meeting of the company will be held on October 17, 2018 at 4:00 pm to consider, among others, un-audited financial statements of the company for the third quarter (Q3) period ended on September 30, 2018.

LankaBangla Finance Ltd.: A board meeting of the company will be held on October 24, 2018 at 3:00 pm to consider, among others, un-audited financial statements of the company for the third quarter (Q3) period ended on September 30, 2018.

— DSE Online