Business Desk :
National Bank Ltd (NBL) will issue foreign currency-dominated subordinated bond worth USD 100 million to strengthen its capital base under Basel-III guidelines.
The company’s board of directors has taken the decision to this end, according to a disclosure posted on the website of Dhaka Stock Exchange (DSE) on Sunday.
The bank will issue the seven-year term bond, subject to the consent of the regulatory authorities.
The NBL, presently a ‘B’ category company, was listed on the stock exchange in 1984.
The company’s sponsor-directors own 28.47 per cent stakes, the institutes 27.51 per cent, foreigners 0.78 per cent and the general shareholders 43.24 per cent as on August 31, 2022.
The company’s share price remained unchanged at Tk 8.30 on the premier bourse on Sunday.
The NBL has recently reported a consolidated loss of Tk 0.36 per share for April-June 2022 against the EPS of Tk 0.16 for April-June 2021.
