UCB Investment closes Tk 12,000m subordinated bond for Dutch-Bangla Bank

Business Report:

UCB Investment Limited has closed the Dutch-Bangla Bank 5th Subordinated Bond of BDT 12,000 million, issued by Dutch-Bangla Bank PLC.

This is the largest capital bond till date issued by any private commercial bank in Bangladesh, marking a significant milestone in the country’s financial sector, says a press release. The closing ceremony for this achievement was recently held at the head office of Dutch-Bangla Bank PLC in Dhaka.

UCB Investment Limited, the leading investment bank in Bangladesh, proudly acted as the arranger. The funds raised through this issuance will enhance the Tier-II Capital of Dutch-Bangla Bank PLC, enabling the bank to expand its business operations.