The regulatory frame Bangladesh Securities and Alternate Fee (BSEC) has authorized the bond of 400 crore rupees of Pubali Financial institution indexed within the capital marketplace.
This approval was once given within the fee assembly of BSEC hung on Tuesday (November 12). The fee assembly was once held underneath the chairmanship of BSEC chairman Khandaker Rashed Maqsood.
After the fee assembly, govt director and spokesperson of BSEC Mohammad Rezaul Karim mentioned that the fee has authorized the proposal of the fourth subordinated bond of Pubali Financial institution value Tk 400 crore.
The bond can be bought via personal placement to institutional buyers and top web value particular person buyers. The face worth in keeping with unit of the bond is Tk 10 lakh.
The coupon fee of the bond can be decided through including a three p.c coupon margin to the reference fee. Pubali Financial institution’s Tier-II capital base can be reinforced with the cash raised via this bond factor.
DBH Finance plc is appearing as trustee for the bond and UCB Investments Restricted is appearing as arranger. The bond can be indexed at the Choice Buying and selling Board.
MAS/ BA
#crore #bond #approval #Pubali #Financial institution