MetLife invests Tk 50cr in EBL bond

MetLife Bangladesh has invested Tk 50 crore in the fourth subordinated bond issued by Eastern Bank PLC (EBL), as the insurer seeks to diversify its investment portfolio.

Besides government bonds, the life insurer is increasingly investing in corporate bonds to support sustainable corporate financing while generating long-term returns for its policyholders.

Tap here to add The Daily Star as a trusted source

With the latest investment, MetLife’s total investment portfolio has reached approximately Tk 19,000 crore, according to a press release.

Ala Ahmad, chief executive officer of MetLife Bangladesh, said the partnership with EBL reflects a shared commitment to strengthening the financial ecosystem while responsibly growing the insurer’s portfolio to deliver secure and sustainable returns for policyholders.

Hassan O Rashid, managing director of EBL, said the bank remains focused on leveraging its financial strength and expertise to develop diversified investment opportunities for corporates.

“Subordinated bonds enable us to support responsible business growth, deepen long-term financing in the market, and contribute to Bangladesh’s economic development,” he added.

MetLife Bangladesh serves around 1 million individual customers and more than 900 corporate clients.