BRAC Bank 2nd subordinated bond listed on DSE alternative trading board

A listing agreement was signed today between Dhaka Stock Exchange (DSE) PLC and BRAC Bank PLC to commence secondary market trading of the 'BRAC Bank Second Subordinated Bond' on the DSE Alternative Trading Board (ATB). The agreement signing ceremony was held today at the DSE office in the city, enabling the bond to officially enter the ATB platform and creating an avenue for secondary market liquidity of the instrument, said a press release.

Managing Director of DSE Nuzhat Anwar and Managing Director & CEO of BRAC Bank Tareq Refayet Ullah signed the agreement on behalf of their respective organizations. Senior officials from both institutions, along with representatives of the lead arranger and trustee, were also present at the ceremony. The bond was arranged by BRAC EPL Investment Ltd. while UCB Investment Ltd. acted as trustee for the issue.

With the inclusion of the BRAC Bank Second Subordinated Bond, the total number of bonds listed on the DSE Alternative Trading Board has risen to eight, while the platform currently hosts one equity listing. The listing is expected to contribute to the expansion and diversification of the ATB market by enhancing participation in specialized trading instruments and strengthening the country's capital market structure.