DFCC Bank PLC has decided to raise Rs 7 billion via a debenture issue.
Accordingly, the bank will issue 50 million Basel III compliant, subordinated, listed, rated, unsecured, redeemable debentures with a non - viability conversion option, each at an issue price (par value) of Rs. 100 with a term of up to 7 years (“Debentures”), with an option to issue a further 20 million of said debentures in the event of an over-subscription, subject to obtaining all necessary regulatory and other approvals.
DFCC Bank PLC is a fully-fledged Commercial Bank that offers an array of seamless retail banking solutions. This includes Savings and Deposit products that give customers unmatched value and unique benefits.
The Bank has been rapidly growing its footprint across the country with a network of 138 service points and 95 fully fledged branches.
Accordingly, the bank will issue 50 million Basel III compliant, subordinated, listed, rated, unsecured, redeemable debentures with a non - viability conversion option, each at an issue price (par value) of Rs. 100 with a term of up to 7 years (“Debentures”), with an option to issue a further 20 million of said debentures in the event of an over-subscription, subject to obtaining all necessary regulatory and other approvals.
DFCC Bank PLC is a fully-fledged Commercial Bank that offers an array of seamless retail banking solutions. This includes Savings and Deposit products that give customers unmatched value and unique benefits.
The Bank has been rapidly growing its footprint across the country with a network of 138 service points and 95 fully fledged branches.
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