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BEXIMCO Is Soon to Issue a Zero-Coupon Bond to Raise 1,500 Crore Taka

The Bangladesh Securities and Exchange Commission approved the country's top conglomerate BEXIMCO Group's proposal to issue a zero-coupon bond for raising 1,500 crore taka.

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BEXIMCO Is Soon to Issue a Zero-Coupon Bond to Raise 1,500 Crore Taka

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  1. BEXIMCO Is Soon to Issue a Zero-Coupon Bond to Raise 1,500 Crore Taka

  2. The Bangladesh Securities and Exchange Commission approved the country's top conglomerate BEXIMCO Group'sproposal to issue a zero-coupon bond for raising 1,500 crore taka. The top conglomerate plans to raise this amount from both institutional entities and high-net-worth individuals. BEXIMCO Group is one of the largest private sector players in Bangladesh with more than 70,000 people working for the company. It was founded in the early 1970s by Bangladesh's top business personalities - Ahmed Sohail F Rahman and Salman F Rahman. Salman Rahman apart from leading the company also serves as Prime Minister Sheikh Hasina's Private Industry and Investment Adviser. Middle Class

  3. Under Ahmed Sohail F Rahman and Salman F Rahman's dynamic leadership, BEXIMCO Group has become known for incorporating renewable energy and sustainable raw materials into its processes and achieved a global leadership position in sustainability.

  4. The face value of each unit of the zero-coupon bond, to be issued by BEXIMCO Group is 50,000 taka with a discount rate of 15 percent. These are redeemable, non-convertible, and non-tradable zero-coupon and can be purchased by institutions and individuals. BEXIMCO Group's board approved the issuance of this bond during a meeting on 10 March to repay existing loans and invest in a real estate development project in a joint venture with Sreepur Township.

  5. Thank You FOR YOUR TIME

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