MTB CAPITAL ACTS AS ARRANGER FOR TECHNO DRUGS' TK 500M CONVERTIBLE BOND-

MTB CAPITAL ACTS AS ARRANGER FOR TECHNO DRUGS' TK 500M CONVERTIBLE BOND
Techno Drugs approved the issuance of a convertible, redeemable bond at its 196th board meeting held on Thursday. The issuance remains subject to shareholders' and regulatory approval. The company was listed on the capital market in 2024 and raised Tk1,000 million through the book-building method. MTB Capital and Techno Drugs have signed a partnership agreement to facilitate the issuance of the convertible bond. Techno Drugs aims to raise Tk 500 million through the debt security.