Dhaka Bank Mandates RSA Capital to Raise BDT 2.00 Billion as Tier 2 Capital
Dhaka Bank, one of the leading private sector banks’ in Bangladesh has mandated RSA Capital to raise BDT 2.00 billion in the form of Subordinated Convertible Bonds as Tier 2 Capital (subject to regulatory approval) from onshore and offshore institutional and local retail investors. The issue is expected to be listed in the stock exchanges of Bangladesh. This is the first time that a private sector commercial bank is expecting to raise Tier 2 capital in the form of subordinated convertible bonds in Bangladesh. RSA Capital was the sole lead arranger for the world’s first local currency micro credit securitization. Both RSA Capital and Dhaka Bank expect that this landmark transaction will further accelerate the process of deepening the nascent fixed income capital market of Bangladesh.
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