UCB Investment arranges issuance of three bonds

UCB Investment Ltd. became the Lead Issue Manager and Arranger of three bonds.

The bonds are AIBL Mudaraba Perpetual Bond, IBBL 2nd Mudaraba Perpetual Bond and SJIBL Mudaraba Perpetual Bond.

Trading of the bonds began on Chittagong Stock Exchange (CSE) recently.

AIBL Mudaraba Perpetual Bond is the very first perpetual bond that got approved under the new regulation after a hiatus of 14 years. Besides, IBBL 2ndMudaraba Perpetual Bond is the largest perpetual bond issuance by any Islamic bank till date, according to a statement.

Md. Ghulam Faruque, Managing Director (Acting), Chittagong Stock Exchange, Muhammed Nadim, FCA, Deputy Managing Director, Al-Arafah Islami Bank Ltd., J Q M Habibullah, FCS, Deputy Managing Director & Company Secretary, Islami Bank Bangladesh Ltd., Md. Jafar Sadeq FCA., Chief Financial Officer, Shahjalal Islami Bank Ltd. and Tanzim Alamgir, Managing Director & CEO, UCB Investment Limited were present on the occasion.