The Bangladesh Securities and Exchange Commission (BSEC) today gives the go-ahead to a zero-coupon bond for Beximco, one of Bangladesh's leading conglomerates, to raise Tk 1500 crore from institutional and high net worth individuals.
Beximco Ltd has decided to issue bonds to raise Tk 1,500 crore to repay bank loans and invest in Sreepur Township Ltd in what could be the largest corporate zero-coupon bond issuance in Bangladesh.
Bangladesh Export Import Company (Beximco) Limited has decided to raise Tk1,500 crore through a bond issuance aimed at clearing its existing debts. The decision was reached during a board meeting held on Sunday (10 March) evening. According to the company's statement, the primary objective behind this bond issuance is to alleviate its current debt burden. Any remaining