BM Desk : The board of directors of BRAC Bank, which is listed on the stock exchange, will issue the “BRAC Bank Social Subordinated Bond.” This bond will be issued through private placement in compliance with Basel-3 to promote Tier-2 capital and social development. The Dhaka Stock Exchange (DSE) released this statistics.B
The board of the corporation hopes to raise Tk 1,000 crore by issuing bonds. which, pending regulatory agency approval, will be issued.
Fully redeemable, unsecured, non-convertible, coupon-bearing, and floating-rate are the features of the seven-year bond.
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