To Issue Subordinated Bond By Dutch-Bangkla Bank. The top managerial staff of Dutch-Bangla Bank has affirmed, on a basic level, to issue subordinated bond subject to endorsement of the shareholders in General Meeting, securities controller and Bangladesh Bank.
Some components of the bond are as per the following: Issuer: Dutch-Bangla Bank Ltd., Issue Size: BDT 3.0 billion, nature of the instrument: unsecured, Non-Convertible, Subordinated Bond, Mode of Placement: Private Placement, Tenure: 7 Years.
Objective: Increasing the Tier 2 Capital to meet capital prerequisite under Basel III and to fortify the administrative capital base of the Bank.
The board likewise chose that any resulting changes in the elements of the Bond if esteemed important by the Bank or required by administrative powers might be set for endorsement of the top managerial staff of the Bank.
Dutch-Bangla Bank was recorded on the Dhaka bourse in 2001. The bank has a place with the “A” classification.
The backer executives own 87 for every penny stake in the Dutch-Bangla Bank, while institutional financial specialists own 6.76 for each penny, outside speculators 0.21 for every penny and the overall population 6.03 for every penny as on March 30, 2016.
The organization’s paid-up capital is BDT 2,000 million and approved capital is BDT 4,000 million, while all out number of securities is 200,000,000, as per measurements from the DSE.
Thursday’s end cost of every Dutch-Bangla Bank offer was BDT 102.70.