3 banks get BSEC nod to issue bonds worth Tk2,100cr | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
May 28, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, MAY 28, 2025
3 banks get BSEC nod to issue bonds worth Tk2,100cr

Stocks

TBS Report
27 December, 2022, 09:00 pm
Last modified: 27 December, 2022, 09:03 pm

Related News

  • Berger Paints gets BSEC approval to issue rights shares
  • BSEC slashes BO account fee by Tk300
  • State-owned banks: Too big to fail or just too broken to fix?
  • BSEC to Hold meeting with retail investor representatives on 29 May
  • What finance adviser tells TBS about NBR split, BSEC chair removal

3 banks get BSEC nod to issue bonds worth Tk2,100cr

TBS Report
27 December, 2022, 09:00 pm
Last modified: 27 December, 2022, 09:03 pm
3 banks get BSEC nod to issue bonds worth Tk2,100cr

Three listed banks – Pubali Bank, Social Islami Bank, and Islami Bank Bangladesh – have secured approval of the Bangladesh Securities and Exchange Commission (BSEC) to issue subordinated bonds worth Tk2,100 crore in total.

The commission gave the approval in a meeting on Tuesday, said a press release.

All these bonds will be included in the Alternative Trading Board of the bourses as per conditions.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The DBH Finance PLC is the trustee of the bonds which will be sold directly to institutional and other eligible investors through private placements.

The bonds will be issued with subordinated status, which means the buyer of the bonds accepts a lower claim on the company's assets, below senior debt holders, but still above the general shareholders.

Pubali Bank

The Pubali Bank will issue a non-convertible bond worth Tk700 crore to strengthen its Tier-II capital base.

The coupon rate of the bond will be 6-9% and its face value per unit will be Tk1 crore.

The Standard Chartered Bank will act as the arranger of the bond.

Social Islami Bank

The Social Islami Bank will issue a Tk600 crore bond to strengthen its Tier-II capital base. It will be the SIBL's fourth non-convertible, unsecured, Mudaraba, subordinated, floating rate bond.

Its face value per unit will be Tk1 crore.

The return will be calculated on the six months average deposit rate as the reference value. Besides, a 2% margin will be added with reference value on the basis of six months.

The Standard Chartered Bank will act as the arranger of this bond too.

Islami Bank Bangladesh

The Islami Bank Bangladesh Ltd will issue a Tk800 crore bond to strengthen its Tier-II capital base and invest in conventional businesses.

It will be the bank's fourth redeemable, non-convertible, floating rate, and subordinated bond. Its face value per unit will be Tk10 lakh.

The return will be calculated by taking into account the six-month average deposit rate as the reference value. A 2% margin will be added with reference value on the basis of six months.

Top News

BSEC / state bank / Bond

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Leaders and activists of BNP gather at Nayapaltan ahead of the rally of three BNP affiliated organisations on Wednesday, 28 May 2025. Photo: Rajib Dhar/TBS
    Start preparing to ensure election is held within December: Tarique issues instructions at youth rally
  • Representational image. Photo: Collected
    Bangladesh to celebrate Eid-ul-Adha on 7 June
  • File Photo: Reuters
    Bangladeshi cos expecting increased costs due to tariffs, yet extremely optimistic about int'l growth: HSBC survey

MOST VIEWED

  • Google Pay. Photo: Collected
    Google Pay likely coming to Bangladesh soon
  • Graphics: TBS
    Suspicious banking activities surge by 56% since July: Cenbank
  • Representational image of cable car/Freepik
    Cable car to be installed from Himchari to Reju Khal in Marine Drive Road
  • Illustration: TBS
    Bangladesh sees highest-ever per capita income of $2,820 in FY25, BBS provisional data shows
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'

Related News

  • Berger Paints gets BSEC approval to issue rights shares
  • BSEC slashes BO account fee by Tk300
  • State-owned banks: Too big to fail or just too broken to fix?
  • BSEC to Hold meeting with retail investor representatives on 29 May
  • What finance adviser tells TBS about NBR split, BSEC chair removal

Features

In recent years, the Gor-e-Shaheed Eidgah has emerged as a strong contender for the crown of the biggest Eid congregation in the country, having hosted 600,000 worshippers in 2017. Photo: TBS

Gor-e-Shaheed Boro Maath: The heart of Dinajpur

1d | Panorama
The Hili Land Port, officially opened in 1997 but with trade roots stretching back to before Partition, has grown into a cornerstone of bilateral commerce.

Dhaka-Delhi tensions ripple across Hili’s markets and livelihoods

2d | Panorama
Photo: Collected

Desk goals: Affordable ways to elevate your study setup

3d | Brands
Built on a diamond-type frame, the Hornet 2.0 is agile but grounded. PHOTO: Asif Chowdhury

Honda Hornet 2.0: Same spirit, upgraded sting

3d | Wheels

More Videos from TBS

Google Pay likely coming to Bangladesh soon

Google Pay likely coming to Bangladesh soon

47m | TBS Programs
Poor documentation, evidence plague stolen asset recovery efforts

Poor documentation, evidence plague stolen asset recovery efforts

1h | TBS Insight
Donald Trump warns Vladimir Putin he is 'playing with fire' over Ukraine

Donald Trump warns Vladimir Putin he is 'playing with fire' over Ukraine

2h | TBS World
Families of those injured and martyred in the July coup protest in the capital

Families of those injured and martyred in the July coup protest in the capital

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net