Islami Bank Bangladesh Limited announced the Mudaraba redeemable non-convertible subordinated bond of BDT 6,000.00 million only (First Tranche of Third Bond of BDT 12,000.00 million) under private placement in order to strengthen Capital Base of the company. The consent has been accorded subject to compliance with the relevant laws and regulatory requirements and shall adhere to the conditions by BSEC.