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The Financial Express

BD Finance signs agreement with City Bank Capital Resources

| Updated: December 02, 2020 11:36:02


Evaly and Fianancial Express Evaly and Fianancial Express
BD Finance signs  agreement with City Bank Capital Resources

Bangladesh Finance and Investment Company Limited (BD Finance), one of the leading NBFIs in Bangladesh signed agreement with City Bank Capital Resources Limited for issuance of BD Finance 1st Zero Coupon Bond worth TK 2.00 Billion for expansion of business and diversification of funding sources, says a press release.

The nature of this bond is non-convertible, unsecured and fully redeemable Zero Coupon Bond. The tenure of the bond is three years and the discount rate will be market competitive targeting high net worth individual and corporate houses.

The face value of each bond is BDT 1.0 million onl

Md Kyser Hamid, managing director and CEO of BD Finance and Ershad Hossain,CEO of City Bank Capital Resources Limited signed the agreement on behalf of their respective organization on Sunday  at the head office of BD Finance in Dhaka.

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