Two NBFIs get permission to float zero-coupon bonds

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Siddique Islam
The central bank has given two non-banking financial institutions (NBFIs) permission to float two zero-coupon bonds aiming to raise their flow of funds for investment, officials said.
"We have given permissions on issuance of two zero-coupon bonds to two financial institutions aiming to expand their window for investment," a senior official of the Bangladesh Bank (BB) told the FE Saturday.
The BB has given permission to the Uttara Finance and Investment Limited for floating zero-coupon bond worth Tk 2.0 billion while the United Leasing Company Limited has already obtained permission from the central bank to issue such bond worth Tk 500 million, they added.