Trust Bank Ltd. Subordinated Bond

UFS arranged Subordinated Coupon Bearing Bond of BDT 2,000 Million for Trust Bank Ltd.

Universal Financial Solutions Limited (UFS) has arranged the issue of subordinated coupon bearing bond of BDT 2,000 Million for Trust Bank Limited, with the financial closing ceremony held at Radisson Blu Dhaka Water Garden, Antara Hall on 28 March, 2015. Trust Bank Ltd. has issued their second Subordinated Bond in order to remain compliant with Basel-II guidelines of Bangladesh Bank. The capital is expected to qualify as part of the bank's Tier-II capital and to help maintain healthy capital adequacy ratios for the next few years. Besides, the fund will also be used for general business activities.

The bond has been subscribed by some of the country's renowned banks and financial institutions namely Sonali Bank Ltd., Janata Bank Ltd., Pubali Bank Ltd., Midland Bank Ltd., NRB Commercial Bank Ltd., Meghna Bank Ltd., National Life Insurance Company Ltd. and Reliance Insurance Company Ltd. The trustee and the issue manager of this Issue were IDLC Finance Ltd. and Alpha Capital Management Ltd. respectively. The occasion turned into a gathering of high officials from reputed functional bodies with the presence of honorable MDs and DMDs of the banks, insurances and financial institutions.