Dhaka, Bangladesh (BBN) – Dhaka Bank Limited has issued BDT 2.0 billion 7 Year Fixed Rate Subordinated Bonds for strengthening their capital base in line with the Basel-II framework.

The bond has been subscribed by investors from different areas including state-owned commercial banks, private commercial banks, insurance companies, non-banking financial institutions, corporate houses and development banks.

Abdul Hai Sarker, Founder Chairman of Dhaka Bank was present as the Chief Guest at the closing ceremony. Reshadur Rahman, present Chairman of Dhaka Bank; Khondker Fazle Rashid, Managing Director of Dhaka Bank and Jim McCabe, CEO of Standard Chartered Bank, Bangladesh were also present.

Successful issuance of the bonds demonstrates strong confidence of investors in Dhaka Bank Limited and appropriately justifies investors’ confidence in Dhaka Bank’s ability to grow the business going forward.

BBN/SI/AD-07Dec10-10:55 am (BST)