• Friday, Jan 22, 2021
  • Last Update : 12:16 pm

Social Islami Bank’s Tk 500 crore bond gets the go-ahead

  • Published at 01:01 am November 26th, 2020
money bag sack economy bank coin bigstock
Photo: BIGSTOCK

The per unit price of the bond was fixed at Tk 10 lakh

Bangladesh Securities and Exchange Commission on Wednesday approved Social Islami Bank’s Tk 500 crore unsecured contingent-convertible bond to strengthen its capital base.

The per unit price of the bond was fixed at Tk 10 lakh, which will be sold to banks, financial institutions, insurance companies, corporate bodies, asset management companies, mutual funds and high net-worth individuals through private placements.

EBL Investment will act as the trustee, while City Bank Capital Resources and Prime Bank Investment will be the arrangers for the bond.

Shares of Social Islami, which was listed in 2000, closed Wednesday unchanged from the previous day at Tk 12.4.

58
Facebook 56
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail