The Bangladesh Securities and Exchange Commission has approved Dutch-Bangla Bank PLC鈥檚 proposal to issue subordinated bonds worth Tk 1,200 crore.
The decision was disclosed following earlier information shared by the company on December 28, 2023, regarding its board鈥檚 approval for the issuance, according to a disclosure published on the Dhaka Stock Exchange website.
These bonds are an unsecured, non-convertible, fully redeemable subordinated bond with a floating interest rate.
A total of 1,200 bonds will be issued, each with a face value of Tk 1 crore.
The bonds will be offered through private placement to institutional and high-net-worth individual investors.
The primary objective of the bond issuance is to increase the bank鈥檚 Tier-II capital under Basel III requirements and to strengthen its regulatory capital base.
Further details, including the approved information memorandum (IM), are available on the Dutch-Bangla Bank PLC website.
