After a break of 14 years, AIBL Mudaraba Perpetual Bond made the debut on Dhaka stock Exchange on December 5, 2021. The bond is the very first perpetual bond that received approval under new regulation.
Pro-Rata allotment ceremony of IBBL 2nd Mudaraba Perpetual Bond and SJIBL Mudarba Perpetual Bond was held at DSE Tower in the capital. Public offer of both the bonds are fully subscribed and the trading of these bonds will begin soon on Dhaka Stock Exchange. IBBL 2nd Mudaraba Perpetual Bond is the largest issued by any bank till date.
A perpetual bond is fixed income security with no maturity date.
UCB Investment Limited is the Issue Manager and Arranger of all the three bonds.
UCB Investment Ltd. has begun the journey last year under the leadership of Tanzim Alamgir, Founding Managing Director & CEO. The company has achieved outstanding progress within just one year. The company is also mandated to augment fund for various banks and NBFIs through the issuance of perpetual bond, subordinate bond and zero coupon bond.
Besides, they have raised Taka 500 crore for AIBL Mudaraba Perpetual Bond recently. It is the very first perpetual bond that announced its closure under new regulation.
