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

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model

Ford Recalls 700K Newer-Model Vehicles Due To Backup Camera Issue

DEARBORN, MI — Ford Motor Co. has issued one safety compliance recall and two safety recalls in North America for multiple 2020 model year vehicles for intermittent rearview camera issues.

The company said that some of the newer model vehicles have insufficient electrical conductivity within the printed circuit board internal to the camera, causing the camera to intermittently display a blank or distorted image.

Ford said it is not aware of any accident or injury reports related to this issue. The recalls affect 620,246 vehicles in the U.S. and federal territories, 76,566 in Canada and 4,302 in Mexico, according to the company.

Affected 2020 vehicles include:

  • Ford Explorer vehicles built at Chicago Assembly Plant from Nov. 16, 2019, to May 18, 2020
  • Ford F-150 vehicles built at Dearborn Assembly Plant from Oct. 26, 2019, to May 18, 2020, and Kansas City Assembly Plant from Nov. 2, 2019, to May 18,
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