Mir Akhter to raise Tk 2.49b
FE REPORT | Tuesday, 15 March 2022
Mir Akhter Hossain, a listed company, will raise a capital worth above Tk 2.49 billion through zero coupon bond.
The Bangladesh Securities and Exchange Commission (BSEC) on Monday approved the company's proposal of issuing bond.
The company will utilise the fund to repay loan along with enhancing its working capital.
The tenure of the bond will be four years and it is non-convertible and fully redeemable.
The offer price of the bond will be Tk 0.5 million per unit and it will be issued at 7-9 per cent discount in consideration of market.
UCB Investment is working as trustee of the bond, while IDLC investment is the lead arranger.
The bond will be listed with alternative trading board of the stock exchange.