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BSEC approves country’s first green zero coupon bond
Star Business Report
Star Business Report
Bangladesh Securities and Exchange Commission (BSEC) has approved the country s first green zero-coupon bond with the help of which Sajida Foundation will raise a fund of Tk 100 crore.
The stock market regulator took this decision during a meeting of the commission yesterday.
A zero-coupon bond is a debt security that does not pay interest.
Instead, it trades at a discount, rendering a profit at maturity, when the bond is redeemed for its full face value. Face-value of the country s first bond is Tk 10 lakh.
With the bond proceeds, Sajida Foundation would finance its micro credit activities, through which environmental development would be ensured.