Jamuna Bank to issue Tk 500cr bond

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

The board has decided to raise the fund through the issuance of the non-convertible coupon-bearing subordinated redeemable bond (5th phase), said the private commercial bank in a filing on the Dhaka Stock Exchange yesterday.

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