Dutch-Bangla Bank to issue Tk 1,200 crore bonds
Staff Correspondent
The private-sector Dutch-Bangla Bank PLC has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue subordinated bonds worth Tk 1,200 crore in the market.
The approval follows the bank's application on December 28, 2023, seeking to issue the bonds to strengthen its capital base under the Basel III international regulatory framework.
According to the Dhaka Stock Exchange (DSE), the bonds will be unsecured, non-convertible, and redeemable in nature.
Dutch-Bangla Bank plans to issue a total of 1,200 bonds, each priced at Tk 1 crore.
The bank's financial performance has shown a declining trend in recent quarters.
In the third quarter of last year, the bank's earnings per share (EPS) stood at Tk 0.38, a significant drop from Tk 1.97 during the same period in 2023.
For the first three quarters of 2024, the bank reported an EPS of Tk 2.70, compared to Tk 4.71 during the same period the previous year.
