The ‘Beximco 1st Unsecured Zero Coupon Bond’ subscription period will open on April 28, 2024, and the first tranche will conclude on May 15, 2024, according to a statement released by Bangladesh Export Import Company Limited (BEXIMCO).
According to a press release, this comes after the Bangladesh Securities and Exchange Commission (BSEC) approved BEXIMCO’s issuance of bonds totaling Tk 1,500 crore on April 3, 2024.
This bond’s trustee is Sandhani Life, and its arranger is IFIC Investment Limited. With the highest discounted rate available in the market, the Beximco 1st Unsecured Zero Coupon Bond delivers an unheard-of 15%, which translates to a monthly return of Tk 1,250 per lakh.
In order to fund the development of the Mayanagar project, Sreepur Township Limited will receive a loan of Tk 1,000 crore from this non-convertible, redeemable, unsecured bond. The remaining Tk 500 crore will be used to pay back Beximco Ltd.’s outstanding bank loans.
The investment is especially alluring because of its high rate of return; after five years, a one lakh taka investment will provide a total return of Tk 1,75,000, including the principle capital. For local wage earners and Non-Resident Bangladeshis (NRBs), the rewards are very alluring, making this one of the greatest investment opportunities.
The bond subscription is open to a wide spectrum of investors, with a Tk 50,000 minimum investment requirement and no maximum limit.
Due to its limited availability and potential for a speedy sell-out owing to its alluring characteristics, this chance is offered on a first-come, first-served basis.
The first tranche of subscriptions for the Beximco 1st Unsecured Zero Coupon Bond will conclude on May 15, 2024, with investors able to start as early as April 28, 2024. Those who are interested are encouraged to phone 16900 or scan the QR code included in advertising materials for further information or to start the subscription process.
Through the provision of such solid financial instruments, BEXIMCO is dedicated to assisting Bangladesh’s economic development. As such, the company extends an invitation to investors to partake in this endeavor, which offers exceptional financial returns and provides funding for important national development initiatives.
