The listed bank Standard Bank PLC’s board of directors has made the decision to issue a bond known as the “Standard Bank 5th Mudaraba Subordinated Bond.”

DSE has provided this information.

According to Basel-3, this bond will be issued to bolster Tier-2 capital.
The board of the corporation intends to sell bonds in order to raise Tk 500 crore. which, pending regulatory agency approval, will be issued.