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ONE Bank to issue non-convertible perpetual bond


Bangladeshpost
Published : 29 Sep 2019 07:53 PM | Updated : 07 Sep 2020 01:52 PM

Business Desk

The board of directors of ONE Bank Ltd has decided to issue non-convertible perpetual bond (at floating rate) worth Tk 4.0 billion.

The bank will issue the bond for raising fund to have regulatory capital support of the bank under Tier-1, according to an official disclosure on Sunday.

The issuing of bond is subject to the approval of the regulatory authorities — Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC), the disclosure said.

The details of the bond are as follows: Issue Size: Tk 4.0 billion, Non-Convertible Perpetual Bond and the proceeds will be treated as capital and will help bank grow its investment and loan portfolio, the disclosure further added.

Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 2003, closed at Tk 11.10 on Thursday last.

The bank’s consolidated earnings per share (EPS) stood at Tk 0.25 for April-June 2019 as against Tk 0.09 for April-June 2018.

In six months for January-June 2019, its consolidated EPS was Tk 0.51 as against Tk 0.40 for January-June 2018. The consolidated NOCFPS was Tk 10.00 for January-June 2019 as against Tk 12.83 for January-June 2018.