The Financial Express

AIBL Mudaraba Perpetual Bond makes debut on DSE after hiatus of 14 years

| Updated: December 16, 2021 10:06:32

AIBL Mudaraba Perpetual Bond makes debut on DSE after hiatus of 14 years

After hiatus of 14 years, AIBL Mudaraba Perpetual Bond made its debut on Dhaka Stock Exchange last December 05.

The bond got approval under the new regulation, according to a press statement.

The pro-Rata allotment ceremony of IBBL Second Perpetual Bond and SJIBL Mudarba Perpetual Bond was held in DSE Tower as well. The public offer of both of the bonds are fully subscribed and the trading of these bonds will start soon on Dhaka Stock Exchange.

IBBL Second Mudaraba Perpetual Bond is the largest issuance issued by any bank to date.

A perpetual bond is fixed income security with no maturity date and will be treated as additional tier 1 capital of the bank.

UCB Investment Limited is the Issue Manager and Arranger of all three bonds.

UCB Investment Ltd. has started the journey last year under the leadership of Tanzim Alamgir, Founding Managing Director & CEO. The company has made strides within just one year. The company is also mandated to raise funds for different banks and NBFIs through the issuance of the perpetual bond, subordinate bond and zero-coupon bond.

Moreover, they have already raised Tk 5.0 billion for AIBL Mudaraba Perpetual Bond recently. It is one of the first perpetual bond that announced its closure under the new regulation.

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