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BSEC approves Tk2,625cr Beximco bond

Staff Reporter

Published: 08:33, 1 April 2024

BSEC approves Tk2,625cr Beximco bond

Photo : Collected

Capital market regulator Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk 2,625 crore bond of Bangladesh Export Import Company Limited (Beximco). 

The BSEC approved the Unsecured, Non-Convertible, Red Beximco 1st Unsecured Zero-Coupon Bond at the 905th commission meeting held on Sunday, says a press release signed by BSEC Executive Director and Spokesperson Mohammad Rezaul Karim.

The bond will have a face value of Tk 10. It will be unsecured, non-convertible, and redeemable with a discount rate of 15 per cent.

The issue price of each lot of the bond is Tk 50,000. By raising money from the bond, Beximco will repay loans and also give loans to the developer of the Mayanagar project.

Sandhani Life Insurance Company is the trustee and IFIC Investment is the arranger of the bond.