UCB Investment arranges Tk 400cr subordinated bond for ONE Bank

Business Report :

UCB Investment Limited has successfully arranged the issuance of the “ONE Bank Subordinated Bond V” worth Tk 400 crore for ONE Bank PLC.

A closing ceremony marking the occasion was recently held at ONE Bank’s headquarters in Dhaka. The bond proceeds will strengthen ONE Bank’s Tier II capital, enhancing its financial resilience and supporting future business expansion.

The event was attended by Shabbir Ahmed, Managing Director (Current Charge) of ONE Bank PLC, and Tanzim Alamgir, Founding Managing Director and CEO of UCB Investment Limited, along with senior officials from both organisations, says a press release.

This strategic move is expected to bolster the bank’s capacity to serve a broader customer base and contribute to the country’s economic growth.