Islami Bank Bangladesh Limited announced the issuance of Mudaraba Unsecured Redeemable Non-Convertible Subordinated Bond valuing BDT 6,000 million only (2nd Tranche of 3rd Bond) under private placement in order to strengthen Capital Base of the Bank. The consent has been accorded subject to compliance with the relevant laws and regulatory requirements and shall adhere to the conditions imposed by BSEC under Section-2CC of the Securities and Exchange Ordinance, 1969. Refer to the earlier news disseminated on November 28, 2019, the company has informed that the Bangladesh Securities and Exchange Commission (BSEC) has accorded consent under the provisions of the Securities and Exchange Commission (Private Placement of Debt Securities) Rules, 2012 for raising of Tier 2 capital by Islami Bank Bangladesh Limited (IBBL).