Robi Axiata Launches Subsidiary Axentec PLC

Islami Bank Bangladesh received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue its fifth Mudaraba redeemable non-convertible subordinated bond, valued at Tk 500 crore. This follows a September 19, 2024 announcement revising the bond issuance amount.

SS Steel Ltd reported a 50% year-on-year profit growth in Q1 of the current financial year, reaching Tk 98.58 lakh. The company's consolidated earnings per share (EPS) rose to Tk 0.03 from Tk 0.02 a year ago. Its shares surged 6.67% to Tk 9.6 on the Dhaka Stock Exchange.

Dhaka Bank has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue its fourth subordinated bond worth Tk 400 crore. The unsecured, non-convertible, floating-rate bond will be fully redeemable and offered through private placement, with a minimum subscription price of Tk 10 lakh.

There has been significant controversy surrounding the credit rating and financial health of First Security Islami Bank (FSIBL). Initially rated ‘A+’ long-term and ‘ST-2’ short-term by Emerging Credit Rating Limited (ECRL), the bank’s actual financial situation is starkly different.

Independent Power Producers (IPPs) and public power plants owe Petrobangla Tk 195 billion for gas consumption until mid-November, impacting the state-owned company's liquidity and tax payments, officials said. Despite receiving Tk 20 billion in subsidies earlier this year, the Energy Ministry sought an additional Tk 5 billion to clear dues.