UCB Investment completes Pubali Bank’s fifth subordinated bond
UCB Investment Limited has successfully closed the fifth subordinated bond of Pubali Bank PLC, valued at Tk5,000 million, marking UCB Investment's fourth milestone transaction with the bank.
The closing ceremony for the transaction was held at Pubali Bank PLC's head office in Dhaka.
UCB Investment Limited acted as the arranger of the bond. The proceeds from the issuance will be used to strengthen Pubali Bank's Tier-II capital base, supporting the expansion of its lending capacity, enabling it to serve a wider customer base, and contributing to overall economic activity.
Keep updated, follow The Business Standard's Google news channel
The ceremony was attended by Mohammad Ali, Managing Director and CEO of Pubali Bank PLC; Tanzim Alamgir, Founding Managing Director and CEO of UCB Investment Limited; along with senior officials of both organisations
