To continue providing sustainable financing to local corporates and better returns on customers’ insurance policies, MetLife Bangladesh has further diversified its investment portfolio through its subscription of BDT 116 Crore in the Zero-Coupon Bond issued by Delta Brac Housing Finance Corporation Ltd. (DBH). MetLife is the largest institutional investor of this bond. UCB Investment Limited, which is 100% owned Subsidiary of United Commercial Bank, is the lead arranger of this bond issuance.
The recent subscription complements MetLife’s strong investment portfolio in the country which also includes over BDT 13,000 Crore investment in Bangladesh Government Bonds, and BDT 210 Crore subscription in Bangladesh’s first private sector guaranteed bond. A signing ceremony was held recently with presence by Ala Uddin, Deputy Managing Director & Chief Financial Officer of MetLife Bangladesh; Nasimul Baten, Managing Director and CEO of DBH; Tanzim Alamgir, Managing Director and Chief Executive Officer of UCB Investment Ltd., and other senior officials.
Through this bond issuance, DBH has completed raising BDT 300 crore in face value to meet ongoing financing requirements for extending housing financing to more people of Bangladesh.
