BSEC approves 3 banks to issue bonds  | Business

DHAKA, Sept 30, 2025 (BSS) - The Bangladesh Securities and Exchange Commission (BSEC) today approved bond issuance proposals of three banks. The banks are BRAC Bank PLC, United Commercial Bank PLC and Trust Bank PLC. The approval was given in the commission’s 975th meeting, chaired by BSEC Chairman Khondoker Rashed Maqsood. According to the approval, BRAC Bank PLC will issue an unsecured, non-convertible, fully redeemable, floating-rate social subordinated bond worth Tk 10.0 billion, carrying a coupon rate of Reference Rate plus 2.5 per cent margin. The bonds will be issued through private placement to institutional investors at a face value of Tk 10 lakh per unit. Prime Bank Investment Limited will act as trustee and BRAC EPL Investment Limited as...