Bangladesh, Aug. 15 -- Dhaka Bank PLC has decided to raise Tk 300cr through the issuance of a Contingent-Convertible Perpetual Bond to strengthen its capital base in line with Basel III requirements.

The decision was taken at the 510th meeting of the bank's board of directors held on Thursday at the boardroom of its head office.

According to a disclosure by the bank, the proposed Tk 300cr bonds will be issued as a Contingent-Convertible Perpetual Bond under the AT-1 capital category.

The fund-raising initiative is intended to support the bank's capital base and enhance its capacity to comply with the regulatory capital requirements under the Basel III framework.

The proposed issuance will, however, be subject to approval from the rele...