Nagad Apply to Raise Tk 500 Crore Through Zero Coupon Bond1 min read
Nagad, one of the biggest mobile financial service company applied to raise Tk 500 crore by issuance of zero-coupon bond with Bangladesh Securities and Exchange Commission (BSEC).
The company has applied for a zero-coupon bond with face value of Tk 750 crore with upto 10% coupon rate and 5-year tenure.
According to BSEC officials, Kiu Global Limited, a United States based comp any intends to invest $30 Mn in the bond. BSEC has already issued no-objection letter to the letter of intent of the company.