Bangladesh's Beximco given go-ahead for issuance of Tk 30 bln green sukuk
Published 09 Jul,2021 via The Financial Express - The securities regulator has accorded consent to Bangladesh Export Import Company (Beximco) as originator for issuance of BEXIMCO Green Sukuk Bond of Tk 30 billion ($354.6 million).
As per the regulatory consent, of the total amount, Tk 15 billion will be raised through private placements, Tk 7.50 billion from existing shareholders of Beximco as rights option under private offer, and Tk 7.50 billion through IPO (initial public offering), the company said in a filing with the Dhaka Stock Exchange (DSE) on Thursday.
On June 23, the Bangladesh Securities and Exchange Commission (BSEC) granted primary approval for the BEXIMCO Green-Sukuk with some conditions.
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The Financial Express