Reliance Finance Ltd

Reliance Finance Ltd. Fully Redeemable, Non-Convertible, Fixed Rate Coupon Bearing, Unsecured Subordinated Bond of BDT 100 Crore

Universal Financial Solutions Limited (UFS) recently arranged the issue of Fully Redeemable, Non-Convertible, Unsecured, Subordinated Bond of BDT 1,000 Million for Reliance Finance Limited, with the Subscription closed on 22 March, 2016. Reliance Finance Ltd. issued their first Subordinated Bond in order to comply with Basel-II guidelines of Bangladesh Bank, as well as to strengthen their Tier-II capital base and to help maintain healthy capital adequacy ratios for the next few years. The bond was subscribed by some of the country's renowned banks, namely Union Bank Ltd., NRB Global Bank Ltd. and First Security Islami Bank Ltd.