The commission also decided that all perpetual bonds for banks will be listed on the main platform of the stock exchanges. The BSEC approved One Banks’s Tk400 crore non-convertible BASEL three complaint perpetual bond. At Sunday's meeting, the BSEC also approved the Mutual Trust Bank’s non-convertible BASEL three compliant, perpetual bond, worth Tk400 crore. At the meeting, the commission decided that all perpetual bonds for banks will be listed and tradable securities on the main platform of the stock exchanges. The BSEC will create the necessary rules for listing of the bonds on the main platform of the stock exchanges.

Source: Dhaka Tribune July 05, 2020 13:30 UTC