The Bangladesh Securities and Exchange Commission, BSEC approves Dhaka Bank Limited, a listed banking sector institution, to raise Tk 200 crore through a constant bond issue.
The bond was approved in the 841st meeting of BSEC on Thursday, 06 October.
This information is known from Dhaka Stock Exchange (DSE) sources.
From the DSE Sources, Tk 180 crore of the bond to be issued through private placement and the remaining Tk 20 crore thru public offer. The face value per unit of the bond is Tk 5 thousand. The bond’s coupon rate ranges from 6pc (floor) to 10pc (selling). Which will be issued in favor of financial institutions, mutual funds, insurance companies, listed banks, regional rural banks, trusts, organizations, autonomous bodies and other eligible investors and general investors.
Through this bond issue, Dhaka Bank will strengthen its additional Tier-1, capital base. In case of private placement and public offer, this minimum subscription is 5 crore and 5 thousand takas respectively. Trustee of the Bonds IDLC Investments Limited will act as the Trustee of the Bonds.
