Dhaka, April 25 -- Bangladesh Export Import Company Limited (BEXIMCO) has announced the commencement of subscription for the 'Beximco 1st Unsecured Zero Coupon Bond' starting April 28, 2024 and the first tranche of the subscription will be closed on May 15, 2024.

This follows the Bangladesh Securities and Exchange Commission (BSEC)'s approval on April 3, 2024, authorizing BEXIMCO to issue bonds totaling Tk 1,500 crore, according to a press release.

IFIC Investment Limited is the arranger and Sandhani Life is the trustee of this bond. The Beximco 1st Unsecured Zero Coupon Bond offers an unprecedented discounted rate of 15%, the highest in the market, translating to a monthly return of Tk1,250 per lakh.

This non-convertible, redeemable, ...