DBBL to issue ‘Subordinated Bond’

Dhaka, Bangladesh (BBN): The Dutch Bangla Bank Limited has informed that its Board of Directors has decided to issue “Subordinated Bond” of BDT 3,000.00 million under ‘Private Placement’ for strengthening the Tier-2 capital of the Bank subject to approval of the Hon’ble Shareholders, Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC), said an office disclosure on Wednesday.

BBN/BB/AD/27Feb-13-10.50pm (BST).

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