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.
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.
