Stock market regulator BSEC approved the IPO at a commission meeting held in Dhaka on Tuesday. Banco Finance and Investment Limited and Prime Bank Investment Limited will act as the issue manager for the IPO process. Also at Tuesday’s meeting, the BSEC approved Exim Bank Limited to issue a fully redeemable non-convertible mudaraba subordinated bond worth Tk600 crore. The tenure of the Exim Bank bonds will be seven years. Green Delta Insurance Company Limited will act as the trustee and Standard Chartered Bank Limited will arrange the bond.

Source: Dhaka Tribune February 19, 2019 19:07 UTC