Dhaka Bank signs deal with IDLC on issuance of bonds
Sunday, 21 September 2008
FE Report
Dhaka Bank Limited (DBL) has signed an issue management agreement with IDLC Finance Limited for the forthcoming Repeat Public Offering (RPO) of the former.
The RPO is aimed to raise Tier 2 Capital of the Bank through issuance of Subordinated Convertible Bonds in the capital market. The signing ceremony was held at the Corporate Head Office of IDLC Finance Limited in the city Thursday.
DBL Managing Director Shahed Noman and IDLC Finance Limited CEO and Managing Director Anis A Khan signed the agreement on behalf of their respective companies.
Also present at the signing ceremony were senior executives of both the companies including DBL deputy managing directors Tanweer Rahim and Kaiser Tamiz Amin, Vice-president Ashim Chowdhury and Senior Assistant Vice-president Darashiko Khasru, IDLC Deputy Managing Director Yongbok Jo and General Manager Arif Khan and Sameer Ahmad of RSA Capital, the lead arranger of the bond issue.
Both the companies expressed the hope that the RPO would have positive impact on the bond market, which needs inflow of good scrip.
Dhaka Bank Limited (DBL) has signed an issue management agreement with IDLC Finance Limited for the forthcoming Repeat Public Offering (RPO) of the former.
The RPO is aimed to raise Tier 2 Capital of the Bank through issuance of Subordinated Convertible Bonds in the capital market. The signing ceremony was held at the Corporate Head Office of IDLC Finance Limited in the city Thursday.
DBL Managing Director Shahed Noman and IDLC Finance Limited CEO and Managing Director Anis A Khan signed the agreement on behalf of their respective companies.
Also present at the signing ceremony were senior executives of both the companies including DBL deputy managing directors Tanweer Rahim and Kaiser Tamiz Amin, Vice-president Ashim Chowdhury and Senior Assistant Vice-president Darashiko Khasru, IDLC Deputy Managing Director Yongbok Jo and General Manager Arif Khan and Sameer Ahmad of RSA Capital, the lead arranger of the bond issue.
Both the companies expressed the hope that the RPO would have positive impact on the bond market, which needs inflow of good scrip.