Muhammed Ali, Managing Director of UCBL, and Jim McCabe, CEO of Standard Chartered Bank Bangladesh, seen at the launching of Tier II Bond road show at a hotel in Dhaka Tuesday.

United Commercial Bank Limited (UCBL) has launched a Tier II Bond Road Show at a hotel in Dhaka Tuesday.

Standard Chartered Bank Bangladesh has arranged the seven year term Tier II Bond worth Taka 2 billion, said a press release.

Institutions interested in this regard were invited at the event to invest through the bond.

This bond will enhance the capital generation of UCBL which in the long run increases the business expansion capacity of the bank. The coupon rate of the bond is 3 percent more margin on average half yearly FDR rate of commercial banks.