UCB signs term sheet with IDLC Finance

United Commercial Bank Limited (UCB) Thursday signed a Term Sheet with IDLC Finance Limited¬† at the Corporate Head Office of the Bank. The signing is initiated to issue ‘UCB Second Subordinated Bond’ of BDT 5.0 billion as Tier-II Capital.

Muhammed Ali, Managing Director of UCB and Selim R. F. Hussain, Managing Director of IDLC signed the Term Sheet on behalf of their respective organizations.

Among others Mr. M. Shahidul Islam, Additional Managing Director of UCB; Mr. Mirza Mahmud Rafiqur Rahman, Additional Managing Director of UCB; Mr. A. E. Abdul Muhaimen, Additional Managing Director of UCB; Mr. Md. Tariqul Azam, Deputy Managing Director of UCB; Mr. Mohammad Habibur Rahman Chowdhury, SEVP & CFO of UCB;   Mr. M. Jamal Uddin, GM & Head of Corporate Division of IDLC and Mr. Md. Mesbah Uddin Ahmed, DGM & Head of Structured Finance of IDLC were also present at the signing ceremony.