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City Bank Capital issue manager for Tk 3,000cr Beximco sukuk

City Bank Capital issue manager for Tk 3,000cr Beximco sukuk
Star Business report
Star Business report
Beximco Ltd has appointed City Bank Capital Resources Ltd as the issue manager as it looks to raise Tk 3,000 crore by issuing sukuk.
This will be the largest sukuk issuance in the private sector in Bangladesh.
A sukuk is an Islamic financial certificate, similar to a treasury bond and structured to generate returns in compliance with Islamic finance principles.
Bangladesh entered the sukuk era on December 28 when the central bank held its first-ever auction for the Islamic bond. The government is raising Tk 8,000 crore through the issuance of the sukuk to implement a safe water supply project. ....

Osman Kaiser Chowdhury , Ershad Hossain , Sukuk Al Istisna , Beximco Power Company , Dhaka Stock Exchange , Xinjiang Sunoasis Company , Beximco Ltd , Bangladesh Power Development Board , City Bank Capital , Beximco Group , Jiangsu Zhongtian Technology Company , City Bank Capital Resources Ltd , Kaiser Chowdhury , Teesta Solar , Korotoa Solar , Beximco Power , Sunoasis Company , ஆஸ்மந் கைசர் சவுத்ரி , அர்‌ஶ்யாட் ஹொசைன் , டாக்கா ஸ்டாக் பரிமாற்றம் , பங்களாதேஷ் பவர் வளர்ச்சி பலகை , நகரம் வங்கி மூலதனம் , நகரம் வங்கி மூலதனம் வளங்கள் லிமிடெட் , கைசர் சவுத்ரி , டீஸ்டா சூரிய ,

Beximco stocks fall despite Tk3,000cr Sukuk plan

Beximco stocks fall despite Tk3,000cr Sukuk plan
Star Business Report
Star Business Report
Stocks of Beximco Limited dropped 1.64 per cent to Tk 84 yesterday despite the company s announcement that it would issue Sukuk bonds worth Tk 3,000 crore.
The listed multinational conglomerate informed its investors about the bond through a disclosure published on the website of Dhaka Stock Exchange (DSE).
Beximco will issue the bonds in order to finance solar projects and expand its textile factory.
DSEX, the benchmark index of the country s premier bourse, was also reluctant to move following the announcement as it dropped 20 points, or 0.36 per cent, to stand at 5,488. ....

Beximco Sukuk Al Istisna , Ershad Hossain , Beximco Sukuk , Beximco Power Company , Stocks Of Beximco , Dhaka Stock Exchange , Xinjiang Sunoasis Company , City Bank Capital Resources , Bangladesh Power Development Board , Jiangsu Zhongtian Technology Company , Beximco Limited , Teesta Solar , Korotoa Solar , Beximco Power , Sunoasis Company , Investments Capital Resources , Asset Backed , City Bank Capital , அர்‌ஶ்யாட் ஹொசைன் , டாக்கா ஸ்டாக் பரிமாற்றம் , நகரம் வங்கி மூலதனம் வளங்கள் , பங்களாதேஷ் பவர் வளர்ச்சி பலகை , டீஸ்டா சூரிய , முதலீடுகள் மூலதனம் வளங்கள் , நகரம் வங்கி மூலதனம் ,