AB Bank bond’s public offer subscription deadline extends

The deadline for the public offer subscription portion of AB Bank Ltd's perpetual bond has been extended up to August 22.

In November last year, the Bangladesh Securities and Exchange Commission (BSEC) approved the transferrable, unsecured, non-cumulative, contingent-convertible perpetual bond.

This allowed AB Bank to raise a fund of Tk 600 crore.

Of the sum, Tk 540 crore were said to be raised through private placement and the rest Tk 60 crore from the public.

The BSEC has extended the consent validity and subscription period of the public offer portion of the bond, said the private commercial bank in a filing on the Dhaka Stock Exchange today.