The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has approved the issue of Tk 5 billion bond by Islami Bank PLC, a company listed in the banking sector in the capital market.
This information was disclosed by Dhaka Stock Exchange (DSE) sources on Sunday (December 01).
It is learned that the Tk 5 billion bond of Islami Bank will be the fifth Mudaraba redeemable non-convertible subordinated bond.
A report by the bank said that this bond will be issued to increase Tier-2 capital and strengthen the bank’s capital base. It will have 10,000 units, each worth Tk 5 lakh.
This approval was given after the previous announcement of the Tk 5 billion bond issue on September 19, 2024.
