Community Bank to issue subordinated bond

Community Bank signed an agreement with City Bank Capital and Community Bank Investment on the issuance of Subordinated Bond for an amount of BDT 3,000 million, said a statement.
Under this agreement, subject to the regulatory approvals, Community Bank will raise the fund through the issuance of Tier II eligible Subordinated Bond in partnership with City Bank Capital, as the lead arranger and Community Bank Investment Limited as the co-arranger.
This fund will be used to strengthen the capital base, as well as, support the future growth of the Bank.