Home Bank & Finance BSEC allows Tk 1700 cr bond for 3 listed banks
Bank & Finance - October 2, 2023

BSEC allows Tk 1700 cr bond for 3 listed banks

Staff Correspondent: The regulatory body of the capital market-BSEC has approved the bond issue of three institutions of the banking sector listed in the capital market, One Bank Limited, BRAC Bank Limited and Dutch-Bangla Bank Limited for Tk 1,700 crore. BSEC Chairman Professor Shibli Rubaiyat-ul-Islam presided over the 883rd commission meeting which approved this. This information is known from Dhaka Stock Exchange (DSE).
One Bank Limited: One Bank has approved unsecured, non-convertible, fully redeemable and floating rate subordinated bonds of Tk 400 crore. The bond will be issued through private placement to institutional investors and high net worth individual investors. The face value of each unit of this bond is Tk 10 lakh. One Bank will strengthen its tier-two capital base by raising funds through bond issues. Green Delta Capital Limited is acting as the bond trustee and UCB Investments Limited is acting as the arranger. Besides, the bond will be listed on the Alternative Trading Board.
The ‘B’ category bank sector company was listed in the capital market in 2003. Against the authorized capital of Tk 1,850 crore, the paid-up capital is Tk 1029.78 crore. The company has reserves of Tk 848.59 crore. The company has a total of 102 crore 97 lakh 79 thousand 603 shares. According to the latest information received from DSE, 32.04 percent of the total shares are owned by entrepreneurs or directors, 31.68 percent by institutional investors, 0.22 percent by foreign investors and 36.06 percent by general investors.
Dutch-Bangla Bank Limited: Approved Tk 500 crore non-convertible, fully redeemable and unsecured fourth subordinated bonds of Dutch-Bangla Bank. The bond will be issued through private placement to institutional investors and high net worth individual investors. The face value of each unit of this bond is Tk 1 crore. The bank will strengthen its tier-two capital base by raising funds through bond issues.
Apart from this, Sena Kalyan Insurance Company Limited is acting as the trustee of the bond and Prime Bank Investment Limited is acting as the arranger. Besides, the bond will be listed on the Alternative Trading Board.
The company was listed in the capital market in 2001 and is currently in ‘A’ category. Against the authorized capital of Tk 1,500 crore, the paid-up capital is Tk 747.93 crore. The amount of reserve is Tk 3,414.84 crore. As per the latest DSE data, the company has a total of 74 crore 79 lakh 31 thousand shares. Among the total shares of the company, entrepreneurs and directors have 86.99 percent, institutional 5.82 percent, foreign investors 0.03 percent and general investors have the remaining 7.16 percent shares.
BRAC Bank Limited: BRAC Bank has approved Tk 700 crore non-convertible, fully redeemable, coupon bearing, floating rate subordinated bonds. The bond will be issued through private placement to institutional investors and high net worth individual investors. The face value of each unit of this bond is Tk 10 lakh. By raising funds through this bond issue, BRAC Bank will strengthen its tier-two capital base. UCB Investments Limited is acting as trustee of the bond and BRAC EPL Investments Limited is acting as arranger. Besides, the bond will be listed on the Alternative Trading Board.
BRAC Bank Limited was listed in the capital market in 2007 and is currently trading in ‘A’ category. The authorized capital of the company is Tk 5,000 crores and paid-up capital is Tk 1,608.83 crore. The company has Tk 4,121.16 crore in reserve. Their total number of shares is 160 crore 88 lakh 29 thousand 227. According to the latest data of DSE, 46.24 percent of total shares are owned by entrepreneurs and directors, 13.82 percent by institutional investors, 32.65 percent by foreign investors and 7.29 percent by general investors.

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