LankaBangla Finance has recently completed full subscription of a privately placed Tk3,000 million non-convertible, zero-coupon bond issue.
The bond issue attracted a diverse group of investors, including individuals, corporates, banks, insurance companies, mutual funds, and pension and gratuity funds, a press release said.
This marks the fourth bond issued by LankaBangla Finance till date. This bond has been issued in accordance with the Bangladesh Securities and Exchange Commission (Debt Securities) Rules, 2021 after receiving consent from both Bangladesh Bank and Bangladesh Securities and Exchange Commission (BSEC).
The bond has been issued in dematerialised form and will be listed on the Alternative Trading Boards of Dhaka Stock Exchange and Chittagong Stock Exchange. IIDFC Capital Limited is the trustee to the issue and Green Delta Capital Limited has acted as the mandated lead arranger.
LankaBangla Finance has been proactively seeking to diversify its funding sources, including issuing bonds, to ensure better matching of assets and liabilities.
