Dhaka Bank got the regulatory approval to issue perpetual bonds worth Tk 2.0 billion to institutions and eligible investors.
The Bangladesh Securities and Exchange Commission (BSEC) approved the bank's proposal regarding the perpetual bond at a meeting held at its office on Thursday.
The bank will utilise the fund to strengthen its additional Tier-I capital base.
Of Tk 2.0 billion, Tk 1.80 billion will be collected through private placements while the remaining Tk 200 million will be raised through a public offering.
The coupon rate of the bond will be 6.0 per cent to 10 per cent.
The bond will be issued to financial institutions, mutual funds, insurers, listed banks, regional rural banks, trusts, organisations, eligible investors and general investors.
IDLC Investments is working as the trustee of the bond and UCB Investment as the issue manager, underwriter and arranger of the bond.
