Tk 50 crore bonds will be issued by Star Adhesive

The Board of Directors of Star Adhesive, a capital market listed SME board company, has decided to issue a bond of Tk 50 crore.

This information is known from CSE sources.

It is reported that the company will issue bonds for expansion of current business and repayment of bank loans. These bonds will be unsecured, fully convertible or redeemable. The bond tenure of the company will be 6 years. The bond will declare profits on half-yearly basis.

The company has called a special general meeting (EGM) on September 24 to seek shareholders’ consent to issue bonds. The company’s EGM will be held on the digital platform at 12:00 pm on that day. The record date in this regard has been fixed on August 24.

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