Staff Correspondent
30 September 2025

United Commercial Bank PLC (UCB), a listed entity in the banking sector, has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue a Tk 800 crore bond.

The approval came during the BSEC’s 975th commission meeting held on Tuesday, September 30. The regulatory green light is subject to the submission of a trustee certificate.

The bond will be an unsecured, non-convertible, redeemable, floating rate subordinated instrument. Its coupon rate will be calculated by adding a 3% margin to the benchmark reference rate. Each bond unit will carry a face value of Tk 1 lakh and will be offered through private placement to institutional investors only.

The primary objective of this bond issuance is to enhance UCB’s Tier-2 capital in accordance with Basel III requirements.

DBH Finance PLC has been appointed as the trustee for the bond, while UCB Investment Limited will serve as the arranger. Additionally, the bond will be listed on the Alternative Trading Board, providing a new investment avenue within the secondary market.

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