IPDC will issue bonds

The board of directors of IPDC Finance Limited, a listed financial company, has decided to issue non-convertible bonds worth Tk 150 crore. This information has been known from the company sources.

It is learned that the company will raise Rs 150 crore by issuing this bond. The term of the bond will be 6 years. No collateral will be placed against this bond. There will be coupons with the bond. Units of this bond will be allotted through private placement.

The money will be used to meet the financial needs of the company’s ongoing business and future capital adequacy. However, after the approval of Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC), the bond will be issued by IPDC.

Sunbd/NJ