Another subordinated bond will be issued by One Bank PLC, which is listed on the capital market. This bond is known as the One Bank Subordinated Bond-6th. The bank previously issued five additional subordinated bonds.

One Bank would raise Tk 600 crore from the market through the proposed bond offering. With this funding, the bank will fortify its Tier-II capital basis.
This decision was made on Wednesday, June 25, during the 397th meeting of One Bank’s Board of Directors. It was DSE sources that made this material public.

The source claims that the bond under discussion will be One Bank’s sixth subordinated bond. This bond will have a seven-year duration. It will be fully redeemed at the conclusion of the period. It is not possible to convert the bond into shares. In other words, none of it will be turned into stock. This bond will not be secured by any security.
The Bangladesh Securities and Exchange Commission and Bangladesh Bank must approve this bond issuance decision before it can take effect.