Jamuna Bank to issue Tk 500 crore bond

Jamuna Bank Ltd has decided to issue a Tk 500 crore bond to strengthen its capital base.

In a filing on the Dhaka Stock Exchange today, the private commercial bank informed that its board has decided to raise the fund through the issuance of the non-convertible coupon-bearing subordinated redeemable bond (5th phase).

The capital raising is part of the tier-II revised regulatory capital framework for banks in line with Basel III through private placement.