The securities regulator or Bangladesh Securities and Exchange Commission (BSEC) has asked to process the listing process of perpetual bonds of the index. The regulator wants to diversify the country’s bond market.
Top officials of 11 banks and trustees of perpetual bonds attended the meeting held to discuss the latest situation of such bonds so far approved by the BSEC.
The securities regulator has included a provision for subscription of 10 per cent of a perpetual bond through public offer and the listing of such bonds will be conducted under direct listing method.
A total of 11 banks so far got the regulatory approval to issue perpetual bonds to strengthen their capital bases.
Source: The Financial Express