The board of directors of Bangladesh Finance and Investment Company has decided to issue ‘BD Finance 1st Zero Coupon Bond’ worth Tk 2.0 billion for expansion of business and diversification of funding sources.
The nature of this bond is non-convertible, fully redeemable and unsecured zero-coupon bond. The tenure of the bond is three years and the discount rate will be 7.0 per cent to 7.50 per cent per annum, according to an official disclosure on Monday.
Bond units worth Tk 1.0 million each will be offered to eligible investors through private placement.
The City Bank Capital Resources and Sandhani Life Insurance Company are the mandated lead arranger and trustee of the bond respectively.
However, the bond issue is subject to the approval of the concerned regulatory authorities- Bangladesh Bank and Bangladesh Securities and Exchange Commission.
To read the full content on The Financial Express News, click here.
Author: Bangladesh Finance PLC
Bangladesh Finance Limited (Bangladesh Finance), formerly known as BD Finance, is one of the most well-known financial institutions in Bangladesh, having served the people of Bangladesh since 1999.
In the next days, the 23-year-old company expects to see even more incredible changes. The route to becoming the country’s most renowned financial institution began with a higher credit rating, a strong client deposit base, raising bonds and foreign capital, receiving approval to launch an Islamic wing, and consistently maintaining a low NPL rate.
Bangladesh Finance, along with its two subsidiaries Bangladesh Finance Securities Limited (Bangladesh Finance Security) and Bangladesh Finance Capital Limited, is currently on a mission to provide a complete financial solution throughout the country.
Bangladesh Finance is ready to accompany this country as it travels at breakneck speed down the path of economic progress in a never-ending series of successes. We want to be a financial partner of the Bangladeshi people.
As we continue on our journey to a thriving Bangladesh, we believe in the collective picture of the country’s economic development.
With our new logo, we’ve made a big step forward. Our mnemonic “BIJOY” is built on these three pillars of trust, growth, and prosperity. Bangladesh Finance will be the people of Bangladesh’s most trusted financial institution, bringing financial growth to their investments. Investment growth will offer financial prosperity to the people.
