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BSEC approves Pubali Bank’s Tk 750cr bond & United Finance’s Tk 100cr bond

by BIZDATA INSIGHTS
November 3, 2019
in Financial
0
BSEC approves Tk 150m IPO of Ring Shine Textiles

Bangladesh Securities and Exchange Commission (BSEC) has approved two separate proposals of Pubali Bank and United Finance to raise Tk 750 crore by issuing non-convertible floating rate subordinated bonds and Tk 100 crore by issuing non-convertible zero coupon bonds respectively.

The tenure of the Pubali Bank bonds would be seven years and United Finance would be four years.

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Pubali Bank will use the fund to strengthen the bank’s tier-2 capital base. The offer price will be Tk 7.5 crore per unit.

United Finance will use the fund on SME and infrastructure projects. The offer price will be Tk 25 lakh per unit.

BIZDATA INSIGHTS
Author: BIZDATA INSIGHTS

Tags: BondPubali BankUnited Finance
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