DHAKA, April 07, 2026 (BSS) - The Bangladesh Securities and Exchange Commission (BSEC) today approved a proposal by City Bank PLC to raise Tk 1,200 crore through a subordinated bond.

The approval was granted during the 907th Commission Meeting, presided over by BSEC Chairman Khondoker Rashed Maqsood, said a press release.

In addition to the new approval, the Commission granted extensions for the consent periods of bond issuances for Jamuna Bank PLC and Trust Bank PLC.

According to the press release, the Commission has authorized City Bank PLC to issue a subordinated bond to strengthen its capital base. 

The bond will be issued through private placement to institutional investors, banks, corporate entities, individual investors, and mutual funds. 

To ensure liquidity and a secondary market for the securities, the Commission has mandated that the bond be listed on the Alternative Trading Board (ATB).

The Commission also approved an extension for the issuance of a Tk 800 crore Non-Convertible, Unsecured, Fully Redeemable, Floating Rate Subordinated Bond. 

The new deadline for completing the issuance process is September 30, 2026. All other terms and conditions of the original consent remain unchanged.

An extension was also granted for the Tk 500 crore Unsecured, Non-convertible, Redeemable, Floating Rate Subordinated Bond VIII. 

The Commission has moved the deadline for issuance to September 30, 2026. As with Jamuna Bank, all other original terms and conditions remain in effect.