UCBIL becomes issue manager of Mudaraba Perpetual Bond

Published : 14 Dec 2021 09:47 PM | Updated : 15 Dec 2021 03:52 PM

After hiatus of 14 years, AIBL Mudaraba Perpetual Bond made the debut on Dhaka stock Exchange on 5th December, 2021. AIBL Mudaraba Perpetual Bond is the very first perpetual bond that got approved under new regulation.

Pro- Rata allotment ceremony of IBBL 2nd Mudaraba Perpetual Bond and SJIBL Mudarba Perpetual Bond was held in DSE Tower as well. Public offer of both of the bonds are fully subscribed and the trading of these bonds will start soon on Dhaka Stock Exchanges.

IBBL 2nd Mudaraba Perpetual Bond is the largest issuance issued by any bank till date.

A perpetual bond is a fixed income security with no maturity date and will be treated as addition tier 1 capital of the bank.

UCB Investment Limited is the Issue Manager and Arranger of all the three bonds.

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