BSRM Steel to issue Tk 2.0 billion Zero Coupon Bond
FE Report | Sunday, 26 July 2015
BSRM Steel, a listed company will issue Tk 2.0 billion Zero Coupon Bond subject to approval of the securities regulator, officials said.
According to information of Dhaka Stock Exchange (DSE), the company will issue Zero Coupon Bond for the purpose of capital expenditure and equity investment in the power project of BSRM Group of Companies.
The company has informed that its EGM (extra-ordinary general meeting) for issuance of Zero Coupon Bond will be held on August 25 next, whereas the record date for the EGM will be July 29, 2015.
The Board of Directors of the BSRM Steel recently recommended 15 per cent cash dividend for the year ended on December 31, 2014.
According to unaudited half yearly financial statement, the company's consolidated net profit after tax (excluding non controlling interest) from January to June, 2015 was above Tk. 1.05 billion with consolidated EPS of Tk. 3.09 as against Tk. 817.53 million and Tk. 2.39 respectively for the same period of the previous year.
The company's consolidated net profit after tax (excluding non controlling interest) from April to June, 2015 was Tk. 751.37 million with consolidated EPS of Tk. 2.20 as against Tk. 414.40 million and Tk. 1.21 respectively for the same period of the previous year.
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