The zero-coupon bond will open up alternate investment avenues for corporates and individuals
Standard Chartered Bangladesh (SCB) is set to become the first foreign bank to issue a zero-coupon bond in Bangladesh, an important feat in the development of the country’s debt capital market.
The bank has received all the regulatory approvals for issuing Tk850 crore zero-coupon bonds, according to a press release.
The zero-coupon bond will open up alternate investment avenues for corporates and individuals.
With this offering, the bank is leveraging strong investor confidence in its strategy and outlook, and the quality of its financial position to increase its liquidity, the release added.
Naser Ezaz Bijoy, chief executive officer, Standard Chartered Bangladesh, said: “As a trusted and reliable issuer with a ‘AAA’ credit rating for over a decade, we believe our offering will support the development of Bangladesh’s capital market on one hand, while offering depositors a new