Bangladesh, Aug. 27 -- Mutual Trust Bank PLC (MTB) has decided to raise Tk 5 billion as Tier-II capital through the issuance of a seven-year subordinated bond as the bank moves to strengthen its regulatory capital base.

Advertisement The decision was taken at the bank's board meeting held on Tuesday last, according to a disclosure made by the bank on Thursday.

Under the plan, MTB will issue a seven-year subordinated bond, which may be structured as either an Islamic Shariah-compliant or conventional instrument. The proposed issuance, however, will require approval from the relevant regulatory authorities before it can be implemented.

The move comes as banks in Bangladesh continue to focus on strengthening their capital positions to me...