Business

Eastern Bank to issue Tk 800 crore bonds

With a tenure of seven years, the subordinated bonds will be issued through private placement

Eastern Bank PLC (EBL) has announced that its board of directors has approved the issuance of subordinated bonds worth Tk 800 crore to strengthen its Tier-II capital.

The approval came at a board meeting on September 24, EBL said in a disclosure published on the Dhaka Stock Exchange website today.

With a tenure of seven years, the subordinated bonds will be issued through private placement.

The issuance remains subject to approval from the regulatory authorities concerned, according to the disclosure.

The private commercial lender posted a profit of Tk 196.28 crore in the second quarter of 2025, up 11 percent year-on-year.

As of August 31, sponsor directors held 31.44 percent of shares, while institutions owned 43.06 percent, the public 24.93 percent, and foreign investors 0.57 percent, as per DSE data.

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