The Chittagong Stock Exchange (CSE) started trading three new bonds on Thursday.
An inaugural function was organized at CSE’s Chittagong head office on the occasion.
The three bonds are Al-Arafah Islami Bank’s AIBL Mudaraba Perpetual Bond, Shahjalal Islami Bank’s SJIBL Mudaraba Perpetual Bond and Islami Bank’s IBBL Second Perpetual Mudaraba Bond.
Speaking on the occasion, Md Golam Faruk, Managing Director (Acting) of CSE said the bond market in Bangladesh is very small. Bonds contribute very little to Bangladesh’s GDP.
“If bonds gradually start trading in the capital market, the size of the bond market will increase. At the same time there will be product diversification in the capital market,” he added.
In that case, the capital market’s GDP growth trend will be maintained at 8 percent and SDG will be exposed as a collaborative sector in achieving the target.
Representatives of the issuer and the issue manager said in their response that they are interested in conducting various training and awareness programs on bond market expansion with CSE.
