Business Desk :
Eastern Bank is going to issue a non-convertible unsecured floating rate fully-redeemable subordinated bond worth Tk 500 crore.
On Thursday, the lender got go-ahead from Bangladesh Securities and Exchange Commission (BSEC) to issue the bond.
The permission was given in a commission meeting at its own office in the capital.
The coupon rate of the bond will be 6 per cent to 9 per cent and the face value of each unit is Tk 1 crore.
