The board of directors of Rupali Bank Ltd has decided to raise fund against issuance of coupon bearing non-convertible perpetual bond of Tk 10 billion through private placement.
The state-run bank will issue the bond for raising fund as part of the additional Tier-I revised regulatory capital framework for bank in line with Basel-III, according to an official disclosure on Monday.
The purpose of the proposed bond is to strengthen the capital base of the bank.
The issuing of bonds is subject to the approval from concerned regulatory authorities — Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC), the disclosure added.
Each share of the bank, which was listed on the Dhaka Stock Exchange (DSE) in 1986, closed at Tk 30 on Sunday.
The bank’s share traded between Tk 27.90 and Tk 47.60 in the last one year. he consolidated earnings per share (EPS) of the bank was Tk 0.14 for July-September 2019 as against Tk 0.14 for July-September 2018.
In nine months, its consolidated EPS was Tk. 0.40 for January-September 2019 as against Tk 0.46 for January-September 2018.
The consolidated net operating cash flow per share (NOCFPS) was negative Tk 67.08 for January-September 2019 as against negative Tk 29.91 for January-September 2018.
The consolidated net asset value (NAV) per share was Tk 39.90 as on September 30, 2019 and Tk 41.57 as on December 31, 2018.
The bank disbursed 10 per cent stock dividend for the year ended on December 31, 2018.
The bank’s paid-up capital is Tk 4.14 billion and authorised capital is Tk 7.0 billion, while the number of securities is 414.16 million.
The sponsor-directors own 90.19 per cent stake in the bank, while institutional investors own 4.49 per cent, and the general public 5.32 per cent as on November 30, 2019.