Islami Bank’s Tk 600cr bond gets nod
The stock market regulator has approved a proposal of Islami Bank to raise Tk 600 crore by issuing mudaraba redeemable non-convertible subordinated bonds.
The bond will have a tenure of seven years and the proceeds will be used to strengthen the bank’s tier-2 capital base. The offer price will be Tk 1 crore per unit.
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