ONE Bank Ltd has decided to issue non-convertible perpetual bond worth Tk 400 crore at floating rate. The bank will issue the bond for raising fund to have regulatory capital support of the bank under Tier-1.
The issuing of bond is subject to the approval of the regulatory authorities — Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC).
The bond will be non-Convertible Perpetual Bond and the proceeds will be treated as capital and will help bank grow its investment and loan portfolio.
In six months for January-June 2019, its consolidated EPS was Tk 0.51 as against Tk 0.40 for January-June 2018. The consolidated NOCFPS was Tk 10.00 for January-June 2019 as against Tk 12.83 for January-June 2018.
The consolidated NAV per share was Tk 19.44 as on June 30, 2019 and Tk 18.94 as on December 31, 2018.
The bank disbursed 10 percent stock dividend for the year ended on December 31, 2018.
The bank’s paid-up capital is Tk 766 crore and authorised capital is Tk 1,000 crore, while the number of securities is 766.53 million.
The sponsor-directors own 30.02 percent stake in the bank, while institutional investors own 16.27 percent, foreign investors 3.62 percent, and the general public 50.09 percent as on August 31, 2019.
