MTB Capital has announced the publication and distribution of the information memorandum (IM) for a Tk 1,500 million secured preference share issuance by Abdullah Battery Co. (Pvt.) Ltd, a sister concern of HAMKO Group. MTB Capital Ltd. will act as the lead arranger for this transaction. The launch ceremony was held at the bank's head office in Dhaka on November 13, attended by senior management from MTB, MTB Capital and Abdullah Battery Co. (Pvt.) Ltd. The nature of the preference share is secured, non-convertible and fully redeemable cumulative preference share. As part of its investor protection measures, the issuer will provide a bank guarantee securing payment of the preference shareholders.
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