• Sunday, Jun 20, 2021
  • Last Update : 06:12 pm

Tk 7.2 bn 2-year bonds soon

  • Published at 01:28 pm April 16th, 2013
Tk 7.2 bn 2-year bonds soon

 

Bangladesh Bank (BB) will soon issue taka 7.2 billion two-year bonds to attract more investment in the financial market.

With this new bond, there will be five types of bonds with 2, 5, 10, 15 and 20 years of maturity date.

The central bank in a directive issued yesterday (Wednesday) to all banks and financial institutions said the government's decision to introduce two-year bonds, lifting of one-year lock-in on selling of such bonds and re-issuance of the bonds would be implemented immediately.

The finance ministry issued a notification last week saying that the government decided to introduce the two-year bond and withdraw the lock-in condition on investment in such bonds by foreign nationals.

The notification mentioned that the non-resident buyers "can freely" resale their bonds to residents in Bangladesh or to non- residents. It further said the government would also reissue the existing bonds by auction for additional amount. The auction bid can be submitted online besides the present manual submission system.

A BB official said banks and financial institutions would use their additional liquidity to purchase the bonds to get good return. Currently, the rate of return on investment in all types of bond is around 12.50 per cent.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail