Home ›› 14 Dec 2021 ›› Corporate
Standard Chartered Bank has arranged the first Green Zero-Coupon Bond in Bangladesh for Sajida Foundation.
The proceeds of the bond will be utilised to finance lending to different environmentally friendly and energy efficient initiatives of the micro-credit and SME clients of Sajida Foundation. The total face value of the bond is Tk 1,000 million.
The announcement was made at a ceremony arranged at the head office of Bangladesh Securities and Exchange Commission, the bank said in a statement.
Professor Shibli Rubayat-Ul-Islam, Chairman, Bangladesh Securities and Exchange Commission attended as chief guest while Zahida Fizza Kabir, Chief Executive Officer, Sajida Foundation; Naser Ezaz Bijoy, Chief Executive Officer Standard Chartered Bank, Bangladesh and other senior executives of two organisations were present.
According to the statement, Sajida Foundation will use the proceeds to finance expansion of their microcredit and SME lending portfolio, through investing in new and existing projects with environmental benefits. The issuance of this security will provide Sajida Foundation with an alternative source of fund, compared to a conventional term loan. Standard Chartered was the mandated lead arranger for the transaction.
Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, said, “Bangladesh has achieved remarkable progress over the last decade. “
