Fidelity Assets to issue zero coupon bond
Thursday, 23 July 2009
Fidelity Assets and Securities Company Limited, one of the fastest growing non-banking financial institutions of the country, is going to issue non- convertible Zero Coupon Bonds through private placement.
The company will issue the bonds in two series with a face value of Tk 1.5 billion (Tk 150 crore), said a press release.
AAA Consultants and Financial Advisers Ltd will act as the issue manager of the bond. An agreement in this connection was signed between the two companies in the city Tuesday.
Fidelity Assets Managing Director and CEO Mohammed NS Kabir and AAA consultants Managing Director Khwaja Arif Ahmed signed the deal on behalf of their respective companies.
High officials of both companies attended the ceremony.
The company will issue the bonds in two series with a face value of Tk 1.5 billion (Tk 150 crore), said a press release.
AAA Consultants and Financial Advisers Ltd will act as the issue manager of the bond. An agreement in this connection was signed between the two companies in the city Tuesday.
Fidelity Assets Managing Director and CEO Mohammed NS Kabir and AAA consultants Managing Director Khwaja Arif Ahmed signed the deal on behalf of their respective companies.
High officials of both companies attended the ceremony.