National Bank's Tk 250cr bonds

National Bank Ltd has issued subordinated bonds worth Tk 250 crore to expand its investment in various sectors and consolidate its capital base in line with the Basel-II framework. This was disclosed at a ceremony at Sonargaon Hotel in Dhaka yesterday.
Standard Chartered Bank is the mandated lead arranger of the seven-year bonds, which will be amortised.
Twenty-one state-owned and private commercial banks are among the institutions that have subscribed to the bonds through private placement.