BSEC logoThe purpose of the issue is to strengthen the capital base (Tier-2) of the companyThe stock market regulator yesterday approved a mudaraba redeemable non-convertible subordinated bond of Tk600 crore in favour of Islami Bank Bangladesh Limited. The approval was given at a commission meeting held at its headquarters. The Bangladesh Securities and Exchange Commission (BSEC) Chairman M Khairul Hossain presided over the meeting, said a BSEC statement. Islami Bank Bangladesh was listed on the Dhaka Stock Exchange (DSE) in 1985. Wednesday’s commission meeting approved the draft rule of the proposed Securities and Exchange Rules that will be published on its website and in newspapers for public review.

Source: Dhaka Tribune November 28, 2019 03:11 UTC