The Bank has informed that SEC has approved the issuance of MBL non-convertible unsecured subordinated bond amounting to BDT 100.00 crore. The key features of the approved subordinated and non-convertible Bond are as follows: Issue Size: BDT 100.00 crore, Minimum Subscription: BDT 1.00 crore, Tenure of the Bond: 8 years, Trustee: Eastern Bank Limited (EBL), Issue Manager: AAA Consultants & Financial Advisers Ltd., Coupon Rate: 12%, Payable semi-annually, Offering Style: Private Placement, Redemption: Bullet Payment at maturity, Transferability: Freely Transferable (subject to approval of Regulatory Authority) and Purpose: For enhancement of Tier-II Capital and business expansion of the Bank.
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