FE Today Logo

UCB Investment announces DBH Zero Coupon Bond closure

September 26, 2022 00:00:00

The closing ceremony of DBH Zero Coupon Bond worth Tk 3,000 million was held at a city hotel on Thursday, says a statement.

UCB Investment Limited, one of the leading and fast-growing investment banks in the country, is the arranger of this issuance.

Through this bond issuance, DBH Finance PLC has completed raising Tk 3.0 billion in face value to meet ongoing financing requirements for extending housing financing to more people in the country.

Nasir A Choudhury, Chairman, DBH Finance PLC, Tanzim Alamgir, Managing Director & CEO, UCB Investment Limited, Nasimul Baten, Managing Director and CEO, DBH Finance, Arif Quadri, Managing Director & CEO, United Commercial Bank Limited; SM Rashedul Hasan, Managing Director & CEO, UCB Asset Management Limited, and representatives from different investors group were present at the ceremony.

DBH Zero Coupon Bond is one of a kind bond which was issued by a non-bank financial institution (NBFI) and has been fully subscribed within the shortest possible time, without investments from any banks or NBFIs.

Share if you like