BRAC Bank arranges Tk400cr preference share deal for DBL Group
BRAC Bank PLC has signed a Tk400 crore arrangement deal with DBL Group, one of Bangladesh's largest and most diversified conglomerates, through the issuance of non-convertible, cumulative, fully redeemable preference shares. BRAC Bank will serve as the lead arranger for the transaction.
The financing initiative is part of DBL Group's strategy to optimise its capital structure, reduce refinancing risks, and ensure long-term financial sustainability. The innovative structure will enable DBL Group to mitigate interest rate volatility while accessing a more stable, long-tenure source of capital.
"This partnership exemplifies our commitment to delivering forward-looking, demand-driven, innovative, and timely financial solutions for Bangladesh's leading corporates," said Tareq Refat Ullah Khan, Managing Director and CEO of BRAC Bank. "Through structured finance, BRAC Bank is helping large businesses achieve long-term resilience and sustainable growth. The financing facility serves as a catalyst for industrial expansion, job creation, and the country's economic progress."
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The signing ceremony was held at DBL Group's head office in Dhaka on 5 October 2025, attended by senior representatives from both organisations.
From DBL Group, attendees included Abdul Wahed, Chairman; Mohammed Abdur Rahim, Vice Chairman; Mohammed Abdul Quader, Director; Mohammed Aman Abrar and Ahnaf Abed, Next-Generation Directors; Md Ahsanul Islam, Additional General Manager (Accounts and Finance); and M Jakaria Chowdhury, Head of Treasury.
From BRAC Bank, Tareq Refat Ullah Khan, Managing Director and CEO; Md Shaheen Iqbal, CFA, Deputy Managing Director and Head of Treasury, Financial Institutions and Corporate and Institutional Banking; S M Musa, Area Head-2; and Tanveer Kamal, Head of Structured Finance, Corporate and Institutional Banking, were present.
The partnership underscores BRAC Bank's continued focus on structured and alternative financing solutions, supporting large corporates in achieving sustainable growth, while strengthening financial stability across Bangladesh's corporate sector.
