Union Capital decided to issue unsecured subordinated redeemable non-convertible bond of Tk 2.0 billion in face value through private placement.
Face value per unit (lot size) of the bond is Tk 10 million only with seven years tenure, grace period two years and coupon range is 9.0 percent to 12 percent per year. The issuing of bonds is subject to the approval of the regulatory authorities, Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC).
The board has also informed that earlier board decision taken on 07 May 2017 to issue unsecured subordinated redeemable non-convertible bond for Tk 2.50 billion has been cancelled due to unavoidable reason.
Each share of the non-bank financial institution, which was listed on the Dhaka Stock Exchange (DSE) in 2007, closed at Tk 11.50 on Monday, losing 2.54 percent.
The company has recommended 5.0 percent stock dividend for the year ended on December 31, 2018 (subject to the approval of Bangladesh Bank and Shareholders). The annual general meeting is scheduled to be held on June 20.
The company’s consolidated earnings per share (EPS) stood at Tk 0.05 for January-March 2019 as against Tk 0.18 for January-March 2018.
The company’s paid-up capital is Tk 1.64 billion, authorised capital is Tk 2.0 billion and the total number of securities is 164.35 million.
