ONE Bank gets approval to issue Tk400cr subordinated bond

ONE Bank PLC has received regulatory approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue a Tk400 crore subordinated bond with a seven-year tenure.

The unsecured, non-convertible, fully redeemable and floating-rate bond has received all necessary regulatory approvals, according to a press release.

The proceeds will be used to strengthen the bank’s capital base and support its business growth and strategic priorities.

The bank said it remains focused on building a more agile and resilient financial institution, with greater emphasis on digital transformation, financial inclusion and responsible banking.

Commenting on the bond issuance, ONE Bank Managing Director Muhit Rahman said it was an important milestone as the bank continued to build a stronger foundation for its next phase of growth.

“Strengthening our capital base will enhance our capacity to support our customers, grow our business and respond to emerging opportunities,” he said.

He said the bank remained committed to building a stronger, customer-centric institution that delivers innovative financial solutions and contributes to Bangladesh’s economic growth.

The bond issuance marks another step in ONE Bank’s ongoing transformation and reinforces its commitment to sustainable growth and long-term value creation for customers and stakeholders, the bank said.