Staff Reporter: The Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk 500 crore bond of listed capital IDLC Finance.
The bond was approved at the 656th meeting of the BSEC on Wednesday (January 13).
It is learned that four-year unsecured, non-convertible and zero coupon bonds will be issued through private placements of local financial institutions, insurance companies, various funds and other eligible investors including corporates.
Note that this bond will meet the ongoing financial needs of IDLC Finance by raising funds from various institutions. The face value of each unit of this bond is Rs 50 lakh.
EC Securities Limited and IDLC Finance act as trustees and mandated lead arrangers of the bond, respectively.
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