Regulator approves Tk 300cr DBH bond

A proposal to issue non-convertible zero coupon bond of Delta Brac Housing Finance Corporation Ltd (DBH) worth Tk 300 crore has recently got a go-ahead from Bangladesh Securities and Exchange Commission.

The offer price of the fully redeemable non-convertible bond will be Tk 10 lakh per unit and its tenure will be five years. The money will be raised to strengthen the DBH’s current fund for financing projects.