DBBL to raise Tk 5.0b issuing subordinated bond

FE Team | Published: October 26, 2020 20:39:06

Dutch-Bangla Bank Ltd (DBBL) will raise a capital worth Tk 5.0 billion issuing subordinated bond to strengthen the company's capital base. The company's board of directors has approved the proposal of issuing bond subject to the approval of the securities regulator and central bank, according to a disclosure posted on the website of Dhaka Stock Exchange (DSE). The objective of issuing bond is to increase the Tier-2 capital to meet the capital requirement under Basel-III and to strengthen the regulatory capital base of the bank.
— FE Report