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25 July 2021

Business Insider Bangladesh

DBBL to raise Tk300cr by issuing bonds

BI Report || BusinessInsider

Published: 15:43, 16 June 2021   Update: 15:45, 16 June 2021
DBBL to raise Tk300cr by issuing bonds

Dutch-Bangla Bank logo

Private sector lender Dutch-Bangla Bank Limited (DBBL) will raise Tk 300 crore by issuing bonds on private placement basis.

The bank’s board of directors has decided to issue non-convertible zero-coupon unsecured bonds worth Tk 300 crore, said the bank in a filing with the Dhaka Stock Exchange on Wednesday.

The tenure of the bond will be up to four years from the date of issuance. However, the fund-raising through the issuance of debt securities is subject to the approval of the relevant regulators.