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.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
*The article has been translated based on the content of Daily StockBangladesh by www.dailystockbangladesh.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
