ONE Bank PLC has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue a Tk400 crore subordinated bond with a seven‑year tenure.
The bond is unsecured, non‑convertible, fully redeemable and floating‑rate, and has cleared all regulatory requirements.
Proceeds will strengthen the bank’s capital base and support its continued business growth and strategic priorities, including digital transformation and financial inclusion.
Managing Director Muhit Rahman said, “This is an important milestone for ONE Bank as we continue to build a stronger foundation for our next phase of growth. Strengthening our capital base will enhance our capacity to support our customers, grow our business and respond to emerging opportunities.”
The issuance aligns with ONE Bank’s broader transformation agenda, aimed at building a more agile, resilient and future‑ready financial institution.
Analysts note that the bond adds depth to Bangladesh’s capital market and could encourage further private‑sector financing, contributing to the country’s economic development.
Why it matters
The bond will increase ONE Bank’s capital, enhancing its ability to fund loans and support Bangladesh’s economic development.