BM Report:

Mercantile Bank Perpetual Bond of Tk. 50.00 crore (Public Offer Portion) commenced trading on the Dhaka Stock Exchange (DSE) on Tuesday. A ceremony marking the “Debut Trading and Ring the Bell” and “Signing of Listing Agreement” was held at the DSE Training Academy in DSE Tower, Dhaka.

Ashim Kumar Saha, Head of Treasury & SEVP of Mercantile Bank, and Khairul Bashar Abu Taher Mohammed, Chief Regulatory Officer of Dhaka Stock Exchange Limited, signed the Listing Agreement on behalf of their respective organizations.

The bond has been enlisted at the ‘N’ category in DSE for trading. The trading code of the bond is ‘MBPLCPBOND’ and the Script Code is 26014.

Md. Quamrul Islam Chowdhury, Managing Director & CEO, Faruque Ahmed, Head of Nikunja Branch, Mohammad Tarek Parvez Khan, FVP of Mercantile Bank PLC and A.G.M Sattique Ahmed Shah, Chief Financial Officer, Md. Rabiul Islam, AGM of DSE along with other Officials of respective organizations were present in the ceremony.

The successful listing of the Mercantile Bank Perpetual Bond marks a significant milestone for the bank and further strengthens its presence in the capital market. The bond is expected to attract a wide range of investors, including institutional investors, mutual funds, and individual investors.

Mercantile Bank is one of the leading private commercial banks in Bangladesh. The bank has a strong track record of financial performance and is committed to providing innovative and customer-centric banking solutions. The listing of the Perpetual Bond is a testament to the bank’s financial strength and its commitment to creating value for its shareholders and investors.