Nitol Motors to issue Tk 202cr zero-coupon bonds
Nitol Motors, a concern of Nitol-Niloy Group, will issue zero-coupon bonds amounting to Tk 202 crore.
Abdul Matlub Ahmad, chairman of Nitol-Niloy Group, and Sohail RK Hussain, director of RSA Advisory, signed an agreement at the former’s head office in Dhaka on Tuesday for the latter to be the lead arranger.
The bond will be issued once the regulators grant all necessary approval and the proceeds used in trade financing.
Selima Ahmad MP, vice chairperson of Nitol-Niloy Group, Muhammad Salim, finance director, K Mahmood Sattar, chairman of RSA Advisory, and other top officials were present during the signing.
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