Bangladesh Export Import Company Limited (Beximco) has announced the commencement of subscription to its ‘Beximco First Unsecured Zero Coupon Bond’.
Starting from April 28, the first phase of this subscription will end on May 15 this year.
Bangladesh Securities and Exchange Commission (BSEC) has approved Beximco to issue bonds worth Tk 1,500 crore on April 3, according to a press release.
IFIC Investment Limited is the arranger for this bond and Thanhani Life is its trustee.
The ‘Beximco First Unsecured Zero Coupon Bond’ has a discount rate of 15 per cent, the highest ever. In this, monthly return will be 1 thousand 250 taka for every 1 lakh taka.
This non-convertible, redeemable, unsecured bond aims to raise Tk 1,500 crore from the market, of which Tk 1 crore will be used to provide loans to Sreepur Township Limited for Mayanagar project development. The remaining Tk 500 crore will be spent on repayment of existing bank loans of Beximco Limited.
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If you invest 1 lakh taka, the total return will be 1 lakh 75 thousand taka in five years with capital.
The minimum investment limit for this bond subscription is fixed at Rs 50,000 and there is no maximum limit. As a result, all kinds of investors can invest in it.
Those interested can know more details about this bond by calling 16900 or by scanning the QR code used in the respective campaign.
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