UCB Investment Ltd arranges three bonds

AIBL Mudaraba Perpetual Bond made the debut on Dhaka Stock Exchange on December 5 after hiatus of 14 years.

The bond is the very first perpetual bond that got approved under new regulation, said a press release.

Pro- Rata allotment ceremony of IBBL 2nd Mudaraba Perpetual Bond and SJIBL Mudarba Perpetual Bond was held in DSE Tower as well. Public offer of both of the bonds are fully subscribed and the trading of these bonds will start soon on Dhaka Stock Exchanges.

IBBL 2nd Mudaraba Perpetual Bond is the largest issuance issued by any bank till date.

A perpetual bond is a fixed income security with no maturity date and will be treated as addition tier 1 capital of the bank. UCB Investment Limited is the Issue Manager and Arranger of all the three bonds.

UCB Investment Ltd. has started the journey last year under the leadership of Tanzim Alamgir, Founding Managing Director & CEO.

The company has made tremendous strides within just one year. The company is also mandated to raise fund for different banks and NBFIs through the issuance of perpetual bond, subordinate bond and zero-coupon bond, said the release.

Moreover, they have already raised Tk 500 crore for AIBL Mudaraba Perpetual Bond recently. It is the very first perpetual bond that announced its closure under new regulation.