UCB Investment closes Tk 12,000m bond for Dutch-Bangla Bank

UCB Investment Limited has successfully closed the Dutch-Bangla Bank 5th Subordinated Bond of BDT 12,000 million, issued by Dutch-Bangla Bank PLC, says a statement.
This is the largest capital bond till date issued by any private commercial bank in Bangladesh, marking a significant milestone in the country's financial sector.
The closing ceremony for this achievement was held at the head office of Dutch-Bangla Bank in Dhaka recently.
UCB Investment Limited, the leading investment bank in Bangladesh, acted as the arranger. The funds raised through this issuance will enhance the Tier-II Capital of Dutch-Bangla Bank PLC, enabling the bank to expand its business operations.
Shahidur Rahman Khan, Managing Director & CEO (Current Charge) of Dutch-Bangla Bank, and Tanzim Alamgir, Founding Managing Director & CEO of UCB Investment, along with other senior officials from both organisations attended the closing ceremony.