The Bangladesh Securities and Exchange Commission (BSEC) has decided to restructure the board of directors of Fareast Stocks and Bonds due to the brokerage firm's failure to maintain rules and regulations. The stock market regulator took this decision at a commission meeting held yesterday at its headquarters with BSEC Chairman Professor Shibli Rubayat Ul Islam in chair.
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.