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 arranger.

The bond will also be listed on the Alternative Trading Board (ATB).

United Commercial Bank PLC was allowed to issue an unsecured, non-convertible, redeemable, floating-rate subordinated bond worth Tk 8.0 billion, with a coupon rate of Reference Rate plus 3 per cent margin.

The bond will be privately placed among institutional investors at Tk 100,000 per unit. DBH Finance PLC will serve as trustee, while UCB Investment Limited will act as arranger. The bond will also be listed on the ATB.

Trust Bank PLC received approval to issue an unsecured, non-convertible, redeemable, floating-rate subordinated bond worth Tk 5.0 billion, carrying a coupon rate of Reference Rate plus 3 per cent margin.

The bond will be issued via private placement to institutional investors at Tk 100,000 per unit. DBH Finance PLC will act as trustee, with UCB Investment Limited and Trust Bank Investment PLC as arrangers. The bond will also be listed on the ATB.

The proceeds from these bond issues will be used to strengthen the Tier-II capital base of the respective banks, enhancing their capital adequacy under Basel III requirements.