The board of directors of IDLC Finance has decided to issue non-convertible zero coupon bonds worth Tk 5.00 billion (in face value).
Denomination of the bond is Tk 1.0 million each with tenor up to five years, said an official disclosure on Sunday.
The non-bank financial institutions will issue the bond through private placement.
The bond issue is subject to the approval of the regulatory authorities — Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC).
Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1992, closed at Tk 69.90 on Thursday last.
Its share traded between Tk 57 and Tk 92.90 in the last one year.
The company’s consolidated earnings per share (EPS) stood at Tk 1.88 for July-September 2018 as against Tk 1.73 for July-September 2017.
The consolidated EPS was Tk 4.83 in nine months for January-September 2018 as against Tk 4.90 for January-September 2017.
The consolidated net operating cash flow per share (NOCFPS) was Tk 27.06 for January-September 2018 as against Tk 23.08 for January-September 2017.
The consolidated net asset value (NAV) per share was Tk 35.24 as on September 30, 2018 and Tk 33.41 as on December 31, 2017.
The company disbursed 30 per cent cash dividend for the year ended on December 31, 2017.
The company’s paid-up capital is Tk 3.77 billion and authorised capital is Tk 10 billion, while the number of securities is 377.05 billion.
The sponsor-directors own 56.66 per cent stake in the company, while institutional investors own 17.11 per cent, foreign 13.47 per cent and the general public 12.76 per cent as on October 31, 2018.