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Two banks to issue perpetual bonds

FE Report | Published: September 30, 2019 10:38:41 | Updated: October 01, 2019 11:12:46


The board of directors of two private commercial banks -- ONE Bank Ltd and Jamuna Bank Ltd-- have decided to issue non-convertible perpetual bond worth Tk 4.0 billion each.

ONE Bank: The ONE Bank will issue non-convertible perpetual bond (at floating rate) worth Tk 4.0 billion, according to an official disclosure on Sunday.

The bank will issue the bond for raising fund to meet regulatory capital support of the bank under Tier-1, subject to the approval of the regulatory authorities - BB and Bangladesh Securities and Exchange Commission (BSEC), the disclosure said.

Jamuna Bank: The board of directors of Jamuna Bank has decided to raise fund against issuance of coupon-bearing non-convertible perpetual bond worth Tk 4.0 billion through private placement.

The bank will issue the bond for raising fund as part of the additional Tier-I of revised regulatory capital framework for banks in line with Basel-III.

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