Bsec approves zero-coupon bonds by BURO Bangladesh

Bangladesh Securities and Exchange Commission (BSEC) on Wednesday approved Tk 1.50 billion zero-coupon bonds by BURO Bangladesh. Meeting held at its office in the capital.

The bonds will be issued to financial institutions, insurers, corporate entities, and high net-worth individuals through private placements.

The bonds are non-convertible, unsecured, fully redeemable and sustainable financing instruments.

BURU Bangladesh will utilise the fund to expand small credits or SME portfolios.

The offer price of the bonds will be Tk 1 million per unit and an investor will need Tk 4 million for one lot.

Sena Kalyan Insurance Company and Standard Chartered Bank are working as trustee and arranger of the bonds. The bonds will be listed on the exchange’s Alternative Trading Board (ATB).

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