UCBIL becomes issue manager of Mudaraba Perpetual Bond

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After hiatus of 14 years, AIBL Mudaraba Perpetual Bond made its debut on Dhaka Stock Exchange (DSE) on 5th December 2021. AIBL Mudaraba Perpetual Bond is the very first perpetual bond that got approved under the new regulation.

Pro-Rata allotment ceremony of IBBL 2nd Mudaraba Perpetual Bond and SJIBL Mudarba Perpetual Bond was held in DSE Tower as well.

The public offer of both of the bonds is fully subscribed and the trading of these bonds will start soon on DSE.

IBBL 2nd Mudaraba Perpetual Bond is the largest issuance issued by any bank to date.

A perpetual bond is fixed income security with no maturity date and will be treated as additional tier 1 capital of the bank.

UCB Investment Limited is the Issue Manager and Arranger of all three bonds.

UCB Investment Ltd. has started the journey last year under the dynamic leadership of Tanzim Alamgir, Founding Managing Director & CEO. The company has made tremendous strides within just one year.

The company is also mandated to raise funds for different banks and NBFIs through the issuance of perpetual bonds, subordinate bonds, and zero-coupon bonds.

Moreover, they have already raised BDT 500 crore for AIBL Mudaraba Perpetual Bond recently. It is the very first perpetual bond that announced its closure under the new regulation.

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