BRAC Bank Mandated to Raise BDT 1,500 Crore for City Sugar Industries through Mortgage-Backed Zero Coupon Bond
BRAC Bank has been entrusted by City Sugar Industries Limited, a flagship concern of City Group and an AAA-rated corporate entity, to facilitate fund mobilization through the issuance of the Teer 100% Mortgage-Backed Zero Coupon Bond worth BDT 1,500 crore (Face Value).
The bond issuance is subject to approval from the Bangladesh Securities and Exchange Commission.
This pioneering three-year bond, fully secured and structured to offer an attractive return, is designed to cater to a diverse investor base, including individuals and corporate entities across Bangladesh. By introducing this medium-term financial instrument, the initiative aligns with the evolving risk appetites of institutional and retail investors while contributing to the deepening of the country’s capital market.
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