Meghna Bank is issuing a second subordinated bond worth Tk 400 crore to strengthen its capital base and achieve business growth. Two regulatory bodies, Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC), have already approved the bond.
The seven-year bond has a coupon rate of 12.05 percent. The raised funds will be used to strengthen the bank's Tier-2 capital as well as boost its lending and investment activities.
Reported by 5 outlets. See the original sources below for full details.
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