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Subordinated Bond Worth BDT5b Bank Asia To Issue


Subordinated Bond Worth BDT5b Bank Asia To Issue

Subordinated Bond Worth BDT5b Bank Asia To Issue

Subordinated Bond Worth BDT5b Bank Asia To Issue. The top managerial staff of Bank Asia has chosen to issue Non-Convertible Subordinated Bond with an issue cost of BDT 5.0 billion to raise capital of the Bank, said an organization exposure on Thursday.

“The issuance of Bank Asia 7 Year Floating Rate Non-Convertible Subordinated Bond with an issue cost of BDT 5.0 billion to raise administrative capital (Tier 2) of the organization according to BASEL III standards,” said an announcement posted on the Dhaka Stock Exchange (DSE) on Thursday.

Be that as it may, the organization said, the bond issue is liable to the endorsement from the Bangladesh Bank and Bangladesh Securities and Exchange Commission.

The bank was recorded on the Dhaka bourse in 2004.

The bank has a place with the “A” class.

The organization’s paid-up capital is BDT 8,393 million and approved capital is BDT 15,000 million while complete number of securities is 839,295,153, as per DSE figures.

The patron chiefs own 46.47 for each penny stake in the Bank Asia, while institutional financial specialists own 33.91 for every penny, remote 0.32 for each penny and the overall population 19.3 for each penny.

Wednesday’s end cost of every Bank Asia offer was BDT 17.3.

Subordinated Bond Worth BDT5b Bank Asia To Issue was last modified: June 26th, 2016 by FINANCIAL BD
Subordinated Bond Worth BDT5b Bank Asia To Issue was last modified: by

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