UCB Investment closes BDT 3.5 billion subordinated bond for Standard Bank PLC
UCB Investment Limited has successfully arranged the issuance of the "Standard Bank 4th Subordinated Bond" valued at BDT 3,500 million for Standard Bank PLC.
The closing ceremony took place recently at the company's headquarters in Dhaka.
The funds raised through this bond will enhance Standard Bank PLC's Tier II capital, thereby strengthening its financial foundation and enabling it to drive business growth.
This strategic initiative will allow the bank to expand its customer reach and contribute more effectively to Bangladesh's economic progress.
The event was graced by Mr Habibur Rahman, Managing Director of Standard Bank PLC, Mr Tanzim Alamgir, Founding Managing Director and CEO of UCB Investment Limited, and senior officials from both organisations.
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