Beximco Sukuk offers 5.80% half-yearly interest

The first-ever largest green bond Beximco Green-Sukuk Al Istisna has offered a 5.80 per cent interest for the period December 23, 2021 to June 22, 2022 on its Sukuk Face Value of Tk 100 each.

The trustee of the bond approved the 1st year 1st half periodic payment for the period, said the company in a filing with the Dhaka Stock Exchange (DSE) on Sunday. The Investment Corporation of Bangladesh (ICB) is the trustee of the Sukuk bond. The record date for the entitlement of the interest is June 22.

Beximco Limited, the flagship company of the Beximco Group, raised Tk 3,000 core through the bond. Half of the figure was raised through private placement and Tk 750 crore through the existing Beximco shareholders.

On January 13, 2022, the bond started trading on the DSE.

The subscription for Beximco Sukuk IPO subscription was completed on December 16, 2021, due to some rules tweaked by the relevant regulators.

On January 23, 2021, the Bangladesh Securities and Exchange Commission (BSEC) approved the bond.