Bangladesh’s first ever green sukuk brought in by Beximco gets nod

Online desk, Outlookbangla.com

Bangladesh’s first ever green sukuk brought in by Beximco gets go-ahead from the stock market regulator today.

The Bangladesh Securities and Exchange Commission (BSEC) approved the proposal of the convertible or redeemable asset-backed green sukuk, which will have a tenure of five years.

With the sukuk proceeds, the company will finance solar projects and expand its textile factory.

Each unit of the sukuk would be Tk 100 where minimum subscription amount should be Tk 5,000.

Minimum periodic distribution rate is 9 per cent, the BSEC said in a statement today.