'Bangla Bond' listed with London Stock Exchange

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Bangla Tribune Desk
Published : 16:17, Nov 11, 2019 | Updated : 16:23, Nov 11, 2019

The International Finance Corporation, the World Bank’s arm for private sector lending, floated ‘Bangla Bond’ worth $10 million in the London Stock Exchange on Monday (Nov 11, 2019). Photo: CourtseyThe first Taka-denominated bond titled "Bangla Bond" was listed on the London Stock Exchange (LSE) on Monday (Nov 11).

The International Finance Corporation (IFC), a sister concern of the World Bank, floated the bond, the Bangladesh High Commission in London told UNB.     

Finance Minister AHM Mustafa Kamal, Prime Minister’s Private Sector Industry and Investment Adviser Salman F Rahman and Bangladesh High Commissioner to the UK Saida Muna Tasneem attended the enlistment ceremony 'The Ring The Bell' event at the LSE.

Finance Minister AHM Mustafa Kamal hoped that "Bangla Bond" would help raise money from overseas investment which will be invested back in Bangladesh's for further if strengthening its private sector, the report added.

Initially, the Bangla Bond is equivalent to US$10 million on the London bourse and it will have a three-year maturity, with a 6.3 percent annual rate of interest.

The IFC will be the guarantor of Bangla Bond in the international market.

"The Ring, The Bell" ceremony was followed by an 'Investor's Roundtable' to showcase Bangladesh's growth story and investment opportunities.

IFC and LSE jointly organised the roundtable, said the Bangladesh High Commission in London.

/srj/
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