Dhaka Bank mandates RSA Capital to raise Tk 200cr as tier 2 capital

Senior officials of Dhaka Bank Ltd and RSA Capital are seen at an agreement signing ceremony recently. As per the deal, the bank has mandated RSA Capital to raise Tk 200 crore in the form of subordinated convertible bonds as tier 2 capital (subject to regulatory approval) from onshore and offshore institutional and local investors. PHOTO: A Positive

Dhaka Bank Ltd has mandated RSA Capital to raise Tk 200 crore in the form of subordinated convertible bonds as tier 2 capital (subject to regulatory approval) from onshore and offshore institutional and local investors.
An agreement to this effect was signed between the bank and RSA Capital recently, where the bank is the issuer and RSA Capital is the lead arranger, says a press release.
The issue is expected to be listed on the stock exchanges of Bangladesh, the release adds.
The transaction would accelerate the process of deepening the nascent fixed income capital market in the country, expect both the companies.