The board of directors of Pubali Bank Limited has decided to issue 7 years subordinated bond-II for Tk 7.50 billion, said an official disclosure on Monday.
The Board of Directors has decided to issue 7 Years Subordinated Bond-II for Tk 7.50 billion (Tk 750.00 crore).
The bank will issue the bonds for raising fund to have regulatory capital support of the company under BASEL-III framework to raise the Tier-2 capital of the bank, according to the disclosure.
The issuing of bonds is subject to the approval of Bangladesh Bank (BB), Bangladesh Securities and Exchange Commission (BSEC) and other regulatory authorities, the disclosure added further.
Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 1984, closed at Tk 28 on Monday. Its share traded between Tk 20.10 and Tk 29.10 in the last one year.
The bank’s consolidated earnings per share (EPS) stood at Tk 0.52 for July-September 2018 as against Tk 0.40 for July-September 2017.
The consolidated EPS was Tk 2.69 for January-September 2018 as against Tk 1.53 for January-September 2017.
The consolidated net operating cash flow per share (NOCFPS) was Tk 8.58 for January-September 2018 as against Tk 3.30 for January-September 2017.
The consolidated net operating cash flow per share (NAV) per share was Tk 26.30 as on September 30, 2018 and Tk 26.91 as on September 30, 2017.
The bank disbursed 5.0 per cent cash and 5.0 per cent stock dividend for the year ended on December 31, 2017.
The bank’s paid-up capital is Tk 9.98 billion and authorised capital is Tk 20 billion, while the number of securities is 998.34 million.
The sponsor-directors own 31.13 per cent stake in the company, while institutional investors own 26.29 per cent, foreign 1.19 per cent, and the general public 41.39 per cent as on February 28, 2019.
