coupon

IDLC Finance to issue Tk500C zero-coupon bonds

The bond issuance is also subject to the approval of the regulatory authorities — the Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC)

IDLC Finance Limited, a publicly traded company, on Sunday decided to issue unsecured non-convertible zero-coupon bonds worth Tk500 crore with four-years tenure.

According to an official disclosure posted by the company on Dhaka Stock Exchange (DSE) website on the day, the non-banking financial institution will issue the bond only through private placement.

The bond issuance is also subject to the approval of the regulatory authorities — the Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC).

The share price of IDLC closed at Tk56.60 each on Sunday with a loss of 1.22% on the Dhaka bourse.

The company’s sponsor-directors hold 56.66% shares, institutes 21.24%, foreign shareholders 11.34% and general shareholders 10.76% as of August 31, 2020.

The company was listed on the Dhaka Stock Exchange in 1992. It belongs to the “A” category. The company’s paid-up capital is Tk37.70 crore.

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