AB Bank to issue Tk 500 crore bond

AB Bank Limited has decided to issue a Tk 500 crore bond.

The board of the private commercial lender has approved the tier-II equivalent subordinated bonds named "AB Bank Subordinated Bonds-V", according to a filing on the Dhaka Stock Exchange.

Subordinated debt is an unsecured loan that ranks below other, more senior loans or securities with respect to claims on assets or earnings.

AB Bank shares closed unchanged at Tk 9.70 on the DSE today.