One Bank to issue bond worth Tk500 crore
Logo of One Bank. Picture: Collected
One Bank Limited, a private sector lender, has decided to issue a subordinated bond worth Tk500 crore through private placement.
According to a disclosure published on Sunday, the bank will issue the bond as a process of inclusion in Tier-II capital.
The bond's tenure is 7 years, which is subject to the approval of the regulatory authorities and compliance of all formalities in this respect.
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Earlier on 22 June last year, The bank got permission to issue a bond worth Tk400 crore from the Bangladesh Securities and Exchange Commission (BSEC).
In 2022, the bank paid a 5 % stock dividend to its shareholder.
