trending Market Intelligence /marketintelligence/en/news-insights/trending/BqOyPW-CVcShE4Ja0O0zhw2 content esgSubNav
In This List

City Bank issues shares to IFC

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


City Bank issues shares to IFC

City Bank Ltd. issued new shares to International Finance Corp. as part of a previous agreement.

The bank issued 5% of its outstanding shares to IFC. Following the issue, IFC will now have a representative on the bank's board.

City Bank had agreed in 2016 to issue 46,560,231 new shares at an issue price of 28.30 Bangladeshi taka per share to IFC.

As of Oct. 5, US$1 was equivalent to 82.08 Bangladeshi taka.