BM Desk:
The transaction and ring-the-bell ceremony of IFIC Bank 2nd and 3rd Non-Convertible, Redeemable, Unsecured, Floating Rate Subordinated Bonds was held at the ATB Board of Dhaka Stock Exchange on Tuesday. Deputy Managing Director of IFIC Bank Shah Moinuddin, Chief Financial Officer Dilip Kumar Mandal FCA, Acting Managing Director of DSE M Saifur Rahman Majumdar, Chief Controlling Officer Khairul Bashar Abu Taher Mohammad, and Senior General Manager of Market Development Division Shamiul Islam were present on the occasion. Senior officer Syed Mahmood Zubair, Deputy General Manager, Issue Marketing, Promotion, and Debt Market Development Department of DSE, moderated the event.
Acting Managing Director of DSE, M. Saifur Rahman Majumdar, said, “The Alternative Trading Board, or ATB Board, started its journey on the Dhaka Stock Exchange in January this year. Three types of products can be traded on the ATB board. These are equity, debt, and open-ended mutual funds. Capital cannot be withdrawn through ATB; only ownership can be transferred. Also, the features of this market are similar to those of the main market. He also said that the two bonds listed by IFIC Bank today will further enrich the ATB Board. I would like to thank all concerned, including the issuer, for listing these two bonds.”
DSE Chief Regulatory Officer Khairul Bashar Abu Taher Mohammad said that the ATB Board will play an important role in the development of the capital market. With the listing of two bonds on the ATB board today, the total number of bonds in ATB is three. The authorities of the bond should be diligent about complying with compliance matters. Which will help the capital market move forward.
DSE’s Market Development Division Senior General Manager, Md. Samiul Islam, and IFIC Bank Deputy Managing Director, Shah Md. Moinuddin, signed the listing agreement on behalf of their respective institutions. The face value of each unit of these 7-year bonds is Tk 1 crore, and the size of each bond is Tk 500 crore.
IFIC Bank Deputy Managing Director Shah Moinuddin said, “IFIC Bank is a first-generation bank. IFIC Bank is always striving for the development of the capital market. He thanked the DSE Board and the Management Authority for their cooperation in getting the two bonds listed today. He expressed optimism that the ATB platform will increase the depth of the country’s capital market, facilitate the transaction of unlisted shares, bonds, and mutual funds, and create alternative investment opportunities.”
Shamiul Islam, senior general manager of DSE’s market development division, said that since IFIC Bank’s bonds are listed on the ATB board, the change in ownership has become easier. Also, your responsibility has increased a lot. He also said that the country’s capital market is growing, and this sector will go further in the future by following all kinds of rules and regulations. All kinds of assistance from DSE will continue.
