Thursday, September 28, 2017

NTB to issue Rs 3.5 bn redeemable debentures

The Nations Trust Bank(NTB) announced that it will issue listed rated unsecured subordinated redeemable debentures worth Rs. 3.5 billion to meet BASEL III requirements.

The bank said in a stock exchange filing that the Director Board on Wednesday has resolved to issue 35,000,000 debentures at Rs100 each, subject to necessary regulatory and other approvals.

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