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ONE Bank to issue perpetual bond worth Tk 4.0b

FE Online Report | Published: September 29, 2019 12:03:28 | Updated: September 30, 2019 11:33:49


The board of directors of ONE Bank Ltd has decided to issue non-convertible perpetual bond (at floating rate) worth Tk 4.0 billion.

The bank will issue the bond for raising fund to have regulatory capital support of the bank under Tier-1, according to an official disclosure on Sunday.

The issuing of bond is subject to the approval of the regulatory authorities — Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC), the disclosure said.

The details of the bond are as follows: Issue Size: Tk 4.0 billion, Non-Convertible Perpetual Bond and the proceeds will be treated as capital and will help bank grow its investment and loan portfolio, the disclosure further added.

Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 2003, closed at Tk 11.10 on Thursday last.

The bank’s consolidated earnings per share (EPS) stood at Tk 0.25 for April-June 2019 as against Tk 0.09 for April-June 2018.

In six months for January-June 2019, its consolidated EPS was Tk 0.51 as against Tk 0.40 for January-June 2018.

The consolidated NOCFPS was Tk 10.00 for January-June 2019 as against Tk 12.83 for January-June 2018.

The consolidated NAV per share was Tk 19.44 as on June 30, 2019 and Tk 18.94 as on December 31, 2018.

The bank disbursed 10 per cent stock dividend for the year ended on December 31, 2018.

The bank’s paid-up capital is Tk 7.66 billion and authorised capital is Tk 10 billion, while the number of securities is 766.53 million.

The sponsor-directors own 30.02 per cent stake in the bank, while institutional investors own 16.27 per cent, foreign investors 3.62 per cent, and the general public 50.09 per cent as on August 31, 2019.

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