Home ›› 31 Dec 2021 ›› Stock
The Bangladesh Securities and Exchange Commission (BSEC) has approved a fully non-convertible bond of Tk 250 crore in favour of Jmauna Bank Limited.
The stock market regulator approved the proposal at a commission meeting on Thursday, according to a BSEC statement.
The bank will use the proceeds to strengthen its Tier-2 capital base.
The per-unit price of the bond has been fixed at Tk 1 crore. A seven per cent base rate for the bond will enable investors to gain an annual return secured by a 9 per cent ceiling.
The units will be sold to banks, financial institutions, insurance companies, corporate bodies, asset management companies, mutual funds and high net-worth individuals through private placements.
UCB Investment Limited and Jamuna Bank Capital Management Limited are arrangers of the bond and EC Securities will act as the trustee for the bond.
