Trust Bank M Fund makes debut tomorrow, Prime Bank MF Feb 2
Tuesday, 26 January 2010
FE Report
Trust Bank First Mutual Fund will make debut tomorrow (Wednesday) and Prime Bank First ICB AMCL First Mutual Fund on February 2 on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
DSE board in a meeting held on Monday approved the listing and fixed the date of debut trading of the two issues.
With fund size of Tk. 2.0 billion, Trust Bank 1st Mutual Fund is currently the largest mutual fund and the second bank-sponsored mutual fund in Bangladesh. It can be noted that the IPO for Trust Bank 1st Mutual Fund was oversubscribed by more than ten times (10x), indicating a strong demand for mutual fund IPOs amongst investors.
Total size of the 10-year tenure closed-end Trust Bank First Mutual Fund is Tk 2.0 billion. Of which, Tk 400 million has been kept for sponsors, Tk 1.20 billion for pre-IPO and Tk 400 million for public. Per unit price of the fund is Tk 10.
The size of the 10-year closed-end Prime Bank First ICB AMCL First Mutual Fund is Tk 1.0 billion. Of the total amount, Tk 200 million has been allocated for Tk 400 million and Tk 400 million for pre-IPO placement. Per unit price of the fund is Tk 10.
Trust Bank First Mutual Fund will make debut tomorrow (Wednesday) and Prime Bank First ICB AMCL First Mutual Fund on February 2 on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
DSE board in a meeting held on Monday approved the listing and fixed the date of debut trading of the two issues.
With fund size of Tk. 2.0 billion, Trust Bank 1st Mutual Fund is currently the largest mutual fund and the second bank-sponsored mutual fund in Bangladesh. It can be noted that the IPO for Trust Bank 1st Mutual Fund was oversubscribed by more than ten times (10x), indicating a strong demand for mutual fund IPOs amongst investors.
Total size of the 10-year tenure closed-end Trust Bank First Mutual Fund is Tk 2.0 billion. Of which, Tk 400 million has been kept for sponsors, Tk 1.20 billion for pre-IPO and Tk 400 million for public. Per unit price of the fund is Tk 10.
The size of the 10-year closed-end Prime Bank First ICB AMCL First Mutual Fund is Tk 1.0 billion. Of the total amount, Tk 200 million has been allocated for Tk 400 million and Tk 400 million for pre-IPO placement. Per unit price of the fund is Tk 10.