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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coupon

SCB to pioneer in issuing 850C zero-coupon bond

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

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