Thursday, May 19 2022

Prime Bank Investment Limited (PBIL), as a merchant bank in its own right, held a “Meet the Press” event in the capital on 6 February 2022 (Sunday) at its head office to discuss performance and outlook future of PBIL.

The company offers a range of services to its clients, namely issue management, lead arranger, mergers and acquisitions, corporate advisory, underwriting, fiduciary service and portfolio management service. The Bangladesh Securities and Exchange Commission (BSEC) has taken initiatives to strengthen both the bond market and the equity market. We have worked tirelessly to bring quality issues to the equity market and to increase the depth of the bond market.

The recent achievement of the company even during the pandemic period includes acting as issue manager of Union Bank Limited worth BDT 428 crore which is the largest IPO in terms of size among banks and the 4th largest in the history of Bangladesh’s capital market.

PBIL is also acting as issue manager of Global Islami Bank Limited worth BDT 425 crore and Meghna Insurance Company Limited worth BDT 16 crore which are expected to get BSEC approval soon. PBIL has already signed agreements for the IPO of Best Life Insurance Limited and Best Electronics Limited. Additionally, we have worked with a few Qualified Investor Offerings (QIOs) under the exchanges’ SME platform.

In addition, the company worked as an issue manager and mandated lead arranger of perpetual bonds of four different Shahriah-based banks and successfully raised BDT 2,400 crore. In addition, PBIL acted as the mandated issue manager and lead arranger of subordinated bonds of Al-Arafah Islami Bank Limited and Union Bank Limited worth BDT 1,400 crore. PBIL also provides fiduciary services to North West Power Generation Company Limited and Aamra Networks Limited.

Company officials who were present in the “Meet the Press”: Dr. Md. Tabarak Hossain Bhuiyan, IM&A, Managing Director & CEO, Khandoker Raihan Ali, FCA Chief Operating Officer, Nabila Rahman, Head of Primary Market Operation, Rahat -Ul-Amin, Research Manager and HA Mamun, Issues Management Manager.

Photo: courtesy

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Photo: courtesy

According to a press release, Dr. Md. Tabarak Hossain Bhuiyan thanked everyone for attending the press conference. In his speech, he said, “We are working on a few M&A and equity financing projects in addition to traditional merchant banking. The PBIL team has obtained local and international training and is always ready to respond to clients with research-related work and investment-related solutions.”

Journalists from major media were present as well as other distinguished guests.

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