Bank Asia, a private-sector commercial bank in Bangladesh, has decided to issue a Tk 1,000 crore environmentally friendly and sustainable bond. The initiative has been undertaken to strengthen the bank’s capital base, while the proceeds will be directed towards financing environmentally sustainable and green projects.
The proposal for the bond issuance was approved at the 584th meeting of the bank’s board of directors held on Wednesday. The decision was subsequently disclosed to investors on Thursday through the Dhaka Stock Exchange (DSE).
Key features of the bond
According to DSE sources, the proposed instrument is a non-convertible bond, meaning it will not be converted into shares in the future. It is also unsecured, with no collateral attached. The bond will have a tenure of seven years, after which investors will receive full repayment of their principal investment. The interest rate will be floating, determined according to prevailing market conditions.
| Feature | Detail |
|---|---|
| Issue size | Tk 1,000 crore |
| Type | Non-convertible, unsecured bond |
| Tenure | 7 years |
| Interest rate | Floating |
| Purpose | Tier-2 capital strengthening and sustainable project financing |
| Approval status | Approved by board; subject to regulatory approval |
The bank stated that the proceeds from the bond will primarily be used to reinforce its Tier-2 regulatory capital in line with Basel-III requirements. A significant portion of the funds will also be allocated to environmentally friendly and sustainable investment projects. The issuance, however, will be subject to approval from the relevant regulatory authority before being launched in the market.
Change in board meeting schedule
Bank Asia has also revised the schedule of its board meeting for reviewing the unaudited financial statements for the first quarter (January–March 2026). The meeting, previously scheduled for 10 May, will now be held on 12 May at 3:00 p.m. During the meeting, the bank will finalise its financial results for the first three months of the year.
Corporate earnings updates on the DSE
On the same day, several listed companies on the Dhaka Stock Exchange published their dividend declarations and financial results. Janata Insurance announced a 10 per cent cash dividend for general shareholders for the year ended 31 December. The company also released its unaudited financial report for the first quarter of 2026.
In the first quarter (January–March 2026), Janata Insurance reported earnings per share (EPS) of Tk 0.29, compared with Tk 0.26 in the same period of the previous year, indicating a modest increase in profitability.
Multinational company Linde Bangladesh recorded a significant rise in earnings during the first quarter of the year. Its EPS increased to Tk 7.22 in January–March 2026 from Tk 5.29 in the corresponding period of the previous year. The company attributed the improvement to higher sales and reduced operating costs. As of 31 March, its net asset value per share (NAVPS) stood at Tk 217.53.
In the financial sector, IDLC Finance also reported an upward trend in profitability. Its consolidated EPS for the first quarter stood at Tk 1.43, up from Tk 1.17 in the same period last year. The increase was primarily driven by improved cash flow from loans and advances.
Overall, the latest disclosures from Bank Asia and other listed companies reflect ongoing capital market activity and varied financial performance across sectors in the first quarter of 2026.