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IDLC Investments wins FinanceAsia Country Awards

FE Report | June 11, 2021 00:00:00

IDLC Investments, a leading merchant bank,has been awarded theFinanceAsia Country Awards for 2021.

The merchant bank has been awarded as the 'Best Investment Bank in Bangladesh', a release said.

IDLC Investments has been operating in the capital market of Bangladesh for over two decades.

"Our trendsetting initiatives, strong performance in the market along with compliance and setting examples of best practices have been repeatedly recognised in the local and international arena, winning the FinanceAsia award is another testament to that," said Md. Moniruzzaman, managing director at IDLC Investments.

Since inception, it has been consistently providing tailor-made services and innovative solutions to clients in order to meet their strategic needs, he said.

"During 2020, despite unprecedented circumstances due to COVID-19, IDLC Investments passed an eventful year with closing of a few exciting deals," the release said.

In 2020, IDLC worked as the issue manager for the biggest ever IPO in Bangladesh as well as the IPO of the only listed company in engineering construction sector of the stock exchanges.

The company also completed a merger and acquisition transaction in the power sector. IDLC Investments also acted as trustee of the first ever Basel III compliant contingent convertible perpetual bond in the country.

Established in 1996, FinanceAsia is a Hong Kong-based publication reporting on Asia's financial and capital markets.

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