Bangladesh’s first ever green sukuk brought in by Beximco gets nod
DHAKA, June 23, 2021 (BSS) – The Bangladesh Securities and Exchange Commission (BSEC) today approved the country’s first ever green sukuk, brought in by Beximco.
BSEC approved the proposal of the convertible or redeemable asset-backed green sukuk, which will have a tenure of five years, said a press release.
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.