Tradable treasury bonds very soon: BSEC
Listed treasury bonds will be traded in stock exchanges soon, said the stock market regulator yesterday.
M Khairul Hossain, chairman of the Bangladesh Securities and Exchange Commission (BSEC), said they have already started working on the issue.
Hossain’s comments came at a seminar on “Introducing green bond in Bangladesh” at the BSEC office.
At present, there are 221 treasury bonds listed with Dhaka Stock Exchange (DSE). But none are traded in the secondary market.
Hossain said one BSEC commissioner sat with the DSE top brass to take steps on trading these bonds.
He said Bangladesh’s stock market was only based on equity and financial literacy of stock investors were not up to mark for which they lost money.
“But they blame the commission for their losses.”
The BSEC chairman said they have already traced many problems behind the lackluster situation of the bond market and accordingly, informed the government.
The government has also taken some steps to bring ease to the bond market including reducing stamp duty to just 0.10 percent from 2 percent, he added.
Hossain said they would form a guideline on green bonds for its promotion in the country.
Md Ashadul Islam, senior secretary to Financial Institutions Division, was present.