LankaBangla Securities Ltd, a subsidiary of LankaBangla Finance Ltd, has decided to issue Zero Coupon Bond of Tk 2.0 billion, officials said.
According to information of Dhaka Stock Exchange (DSE), the Board of Directors of LankaBangla Securities Limited has approved issuance of Non-Convertible Zero Coupon Bond of Tk. 2.0 billion to meet the ongoing financing requirements, subject to approval of shareholders, securities regulator and other regulatory authorities.
LankaBangla Securities, a 90.91 per cent owned subsidiary of LankaBangla Finance Limited (LBFL) which is one of the leading listed non-banking financial institutions in Bangladesh is engaged in Leasing, Credit Card Services, Merchant Banking, Corporate Financing, and Financial Consultancy.
LankaBangla Securities provides brokerage services to institutions, high net worth individuals, foreign funds, and retail investors primarily in Bangladesh. It offers trading facilities, internet trading, depository participant, research, custodial, and trade execution services, as well as margin loan facilities.
The company was formerly known as Vanik Bangladesh Securities Ltd and changed its name to LankaBangla Securities Limited in April 2005. LankaBangla Securities Limited was founded in 1997 and is based in Dhaka.
LankaBangla Finance is owned by a group of local business entrepreneurs of Bangladesh, the Sampath Bank Limited of Sri Lanka, the One Bank Limited of Bangladesh, and the general public, according to the company's website.
As per LankaBangla Finance's un-audited half yearly financial report, consolidated EPS for Jan-June, 2015 was Tk 0.11 as against Tk 0.63 for Jan-June, 2014. Consolidated EPS for April-June, 2015 was Tk 1.43 as against Tk 0.34 for April-June, 2014.
Consolidated NOCFPS was Tk (3.19) for Jan-June, 2015 as against Tk 14.32 for Jan-June, 2014. Consolidated NAV per share was Tk 28.06 as of June 30, 2015 and Tk 28.87 as of December 31, 2014.
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