BSEC approves bonds worth BDT 10bl for 4 banks

Dhaka, Bangladesh (BBN)-Some four banks will issue an aggregate amount bonds worth BDT 10.0 billion to fulfill the condition of Basel-II along with boosting their respective capital base, officials said.
The securities regulator approved the proposals of issuing bonds at a commission meeting held at the office of Bangladesh Securities and Exchange Commission (BSEC).
As per BSEC approval, Prime Bank will issue non-convertible sub-ordinate bond worth BDT 2.5 billion.
Jamuna Bank will issue BDT 2.0 billion fully redeemable non-convertible bond.
And Bank Asia and Eastern Bank will issue non-convertible sub-ordinate worth BDT 3.0 billion and BDT 2.5 billion respectively.
BBN/BB/AS-29Oct14-8:30pm (BST)

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