AIBL to issue Mudaraba Subordinated Bond
Sunday, 19 October 2014
The board of directors of Al-Arafah Islami Bank Ltd has decided to issue Mudaraba Subordinated Bond (6- year Redeemable) for Tk 3.0 billion to strengthen the bank's total capital as requirement under Basel III. The bond styled ‘AIBL Mudaraba Subordinated Bond’ will be issued through private placement subject to approval of regulatory bodies and shareholders in the EGM, according to the DSE website. The date, time and venue of the EGM will be notified later, it said, according to a news agency.