The Bangladesh Securities and Exchange Commission (BSEC) vide letter no. BSEC/CI/DS-163/2021/597 dated November 23, 2021 has accorded its consent to AB Bank Limited for raising Additional Tier-I (AT-l) capital through issuance of Transferrable, Unsecured, Non-cumulative, Contingent- convertible AB Bank Perpetual Bonds of BDT 600 crore of which BDT 540 crore through Private Placement and BDT 60 crore through Public Issue with a face value of BDT 1,000 each. Interest rate of the said bonds is 20-years’ Treasury-Bond rate plus 2.0% margin p.a. with a coupon floor rate of 6% p.a. and coupon ceiling rate of 10.0% p.a. The consent has been accorded subject to the compliance of relevant laws and regulatory requirements.