Jamuna Bank, One Bank to issue bonds

One and Jamuna banks are going to issue non-convertible perpetual bonds worth Tk 400 crore each subject to approval from the regulatory authorities concerned.

The boards of the banks took the decisions recently.

The proceeds of the bonds would be treated as capital and will help the banks raise investment and loan portfolio.

One’s bond would be issued at a floating rate while Jamuna’s bond is coupon-bearing.