ONE Bank PLC has obtained approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue a subordinated bond worth Tk400 crore. The bond will have a seven-year maturity and is structured as an unsecured, non-convertible, fully redeemable, floating-rate instrument.

According to the bank, the proceeds from this issuance will be used to bolster its capital base, enabling continued business expansion and support for strategic initiatives. The move aligns with ONE Bank’s broader efforts to enhance operational agility and resilience, with a focus on digital transformation, financial inclusion, and responsible banking practices.

ONE Bank’s Managing Director, Muhit Rahman, described the bond issuance as a significant milestone in the institution’s growth trajectory. He emphasized that strengthening the bank’s capital position will improve its ability to serve customers, expand its business, and capitalize on emerging market opportunities. Rahman also highlighted the bank’s vision to become more customer-centric by delivering innovative financial solutions that contribute to Bangladesh’s economic development.

The bank stated that this subordinated bond issue represents a critical step in its ongoing transformation, reflecting a commitment to sustainable growth and creating long-term value for customers and stakeholders throughout the country.