BSEC approves Tk 5bn bond for Exim Bank

31 May, 2021 12:00 AM printer

Bangladesh Securities and Exchange Commission (BSEC) ion Sunday approved a TK 500 crore mudaraba subordinated bond for Exim Bank Limited.

The coupon rate of the bond will be a six-month average of the fixed deposit profit with an additional two per cent margin, said a press release, reports BSS.

Eligible investors, such as banks, non-banking financial institutions, insurance, and mutual funds, can buy bond units through private placement.