The subscription of Bangladesh Export Import Company Limited (Beximco) of Tk 1.5 billion zero coupon bond is starting on Sunday, the first phase which will continue till May 15.
The discount rate of this bond named ‘Beximco First Unsecured Zero Coupon’ is 15 percent.
Beximco’s press release on Thursday said the rate was the ‘highest ever’. In this, monthly return will be 1 thousand 250 taka for every 1 lakh taka. The minimum investment limit for this bond subscription is Rs 50,000, with no upper limit. As a result, all types of investors can invest in it. It will be available for purchase on a first-come, first-served basis.
Bangladesh Securities and Exchange Commission (BSEC) approved the issuance of this bond to Beximco on April 3.
According to the notification, out of the Rs 1,500 crore raised through non-convertible, recoverable, unsecured bonds, Rs 1,000 crore will be used as a loan to Sreepur Township Limited for the development of the ‘Mayanagar Project’. The remaining Tk 500 crore will be spent on repayment of existing bank loans of Beximco Limited.
If you invest 1 lakh taka in this, the total return will be 1 lakh 75 thousand taka in five years with capital. Beximco believes that this return can be attractive for non-resident Bangladeshis (NRBs) and local employees.
According to the notification, the arranger of this bond is IFIC Investment Limited. It has Thanthani Life as its trustee.
Those interested can know more details about this bond by calling 16900 or scanning the QR code used in the respective campaign.
