The trustee of Premier Bank Perpetual Bond has approved the first half-year coupon rate at 9.99% for the period December 27, 2021, to June 26, 2022.
The record date for entitlement of the bond’s coupon was set as June 26, the company said in a filing with the Dhaka Stock Exchange (DSE) on Tuesday.
The listed commercial bank will strengthen its additional Tier-1 capital base with the money collected from this bond. In November 2021, the securities regulator BSEC approved the Premier Bank to raise Tk200 crore through issuing the perpetual bond.
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This bond is unsecured, contingent-convertible, fully paid-up, non-cumulative, and Basel-III compliant.
MTB Capital Ltd acts as the trustee of the bond, UCB Capital Limited issue manager, and an underwriter of the bond.
Premier Bank was listed on the stock market in 2007.
