Two NBFIs get permission to float zero-coupon bonds
Sunday, 26 October 2008
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.
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.