IDLC to issue Tk 500cr zero-coupon bond

The board of directors of IDLC Finance Ltd has decided to issue unsecured non-convertible zero-coupon bonds amounting to 500 crore taka with tenor up to 4 years (in face value) only through private placement.

The information was confirmed on the website of the Dhaka Stock Exchange (DSE) on Sunday.

The decision, however, is subject to the approval of the regulatory body, Bangladesh Securities and Exchange Commission (BSEC).