CSE begins trading of 3 Mudaraba Perpetual Bonds issued by UCB Investment
The inauguration ceremony for three Mudaraba perpetual bonds issued and arranged by UCB Investment Limited was held on 6 January in the port city.
The AIBL, IBBL and SJIBL Mudaraba Perpetual Bonds have recently been listed by the Chittagong Stock Exchange (CSE), said a press release.
AIBL Mudaraba Perpetual Bond is the very first perpetual bond that got approved under the new regulation after a 14-year hiatus.
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Besides, IBBL 2nd Mudaraba Perpetual Bond is the largest perpetual bond issuance by any Islamic bank till date.
Chittagong Stock Exchange Managing Director (Acting) Md Ghulam Faruque, Al-Arafah Islami Bank Ltd Deputy Managing Director Muhammed Nadim; FCA, Islami Bank Bangladesh Ltd Deputy Managing Director & Company Secretary JQM Habibullah; FCS, Shahjalal Islami Bank Ltd Chief Financial Officer Md Jafar Sadeq; FCA and UCB Investment Limited Managing Director & CEO Tanzim Alamgir were present at the event among other senior officials from respective organisations.
