BSEC Chairman M Khairul Hossain presided over the meeting, said a BSEC statement. The tenure of the First Security Islami Bank bonds will be seven years. The proceeds of the Bond will strengthen the bank’s capital base and meet its capital requirement through private placement, subject to the approval from the Bangladesh Bank, company officials said. First Security Islami Bank was incorporated on 29 August 1999 as a commercial bank. The companies sponsor directors now holds 37.60%, institutional investors hold 14.53%, foreign 4.38% and general shareholders hold 43.49% of First Security Islami Bank’s shares.

Source: Dhaka Tribune February 05, 2019 16:30 UTC