Pubali Bank to issue Tk 7.50b subordinated bond
FE Report | Tuesday, 19 March 2019
The board of directors of Pubali Bank Limited has decided to issue 7 years subordinated bond-II worth Tk 7.50 billion.
The bank will issue the bond for raising fund to have regulatory capital support of the bank under BASEL-III framework to raise the Tier-2 capital of the bank, said a disclosure posted on the Dhaka Stock Exchange website on Monday.
The issuing of the bond is subject to the approval of Bangladesh Bank (BB), Bangladesh Securities and Exchange Commission (BSEC) and other regulatory authorities, the disclosure said.
Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 1984, closed at Tk 27.70 on Monday, losing 1.07 per cent over the previous session.
Its share traded between Tk 20.10 and Tk 29.10 in the last one year.
The bank's consolidated earnings per share (EPS) stood at Tk 0.52 for July-September 2018 as against Tk 0.40 for July-September 2017.
The consolidated EPS was Tk 2.69 for January-September 2018 as against Tk 1.53 for January-September 2017.
The consolidated net operating cash flow per share (NOCFPS) was Tk 8.58 for January-September 2018 as against Tk 3.30 for January-September 2017.
The consolidated net operating cash flow per share (NAV) per share was Tk 26.30 as on September 30, 2018 and Tk 26.91 as on September 30, 2017.
The bank disbursed 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.
The bank's paid-up capital is Tk 9.98 billion and authorised capital is Tk 20 billion, while the number of securities is 998.34 million.
The sponsor-directors own 31.13 per cent stake in the company, while institutional investors own 26.29 per cent, foreign 1.19 per cent, and the general public 41.39 per cent as on February 28, 2019.