Bangladesh, March 19 -- The board of directors of Pubali Bank Limited has decided to issue 7 years subordinated bond-II worth Tk 7.50 billion.
The bank will issue the bond for raising fund to have regulatory capital support of the bank under BASEL-III framework to raise the Tier-2 capital of the bank, said a disclosure posted on the Dhaka Stock Exchange website on Monday.
The issuing of the bond is subject to the approval of Bangladesh Bank (BB), Bangladesh Securities and Exchange Commission (BSEC) and other regulatory authorities, the disclosure said.
Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 1984, closed at Tk 27.70 on Monday, losing 1.07 per cent over the previous session.
Its share traded between ...