BRAC Bank secures approval for Bangladesh’s first Social Bond
BRAC Bank has secured approval from the Bangladesh Securities and Exchange Commission and Bangladesh Bank to issue the country’s first-ever Social Subordinated Bond, valued at BDT 1,000 crore.
The landmark issuance of the ‘BRAC Bank Social Subordinated Bond’ will strengthen the bank’s Tier-II capital under Basel III while channelling funds to CMSMEs, women-owned businesses, agriculture, food security, affordable housing, and essential services such as healthcare and sanitation.
Developed in line with the International Capital Market Association’s Social Bond Principles 2025, the BRAC Bank Social Bond Framework has been independently endorsed by S&P Global Ratings through a Second Party Opinion – another first for Bangladesh. This underscores the bank’s commitment to global best p...