BSEC approves Tk600cr Exim Bank bond

The Bangladesh Securities and Exchange Commission (BSEC) has approved a proposal that seeks to issue mudaraba subordinated bond of Exim Bank worth Tk 600 crore.

The tenure of the fully redeemable non-convertible bond will be seven years. The fund will be raised to strengthen the bank's tier 2 capital base. The offer price of the bond will be Tk 1 crore per unit.