Akij Food Secures Tk 500 Crore via Zero-Coupon Bond Approval
Akij Food and Beverage Limited has received approval to raise Tk 500 crore through a zero-coupon bond issue. The decision came from the Bangladesh Securities and Exchange Commission (BSEC) during a recent meeting. The bond will be privately placed and managed by key financial partners. The bond carries a face value of Tk 10 lakh per unit and is structured as unsecured, non-convertible, and fully redeemable. Investors will include corporate bodies, institutions, and high-net-worth individuals, with subscriptions limited to private placement.
Sena Insurance PLC will act as the trustee, overseeing the bond's administration. North Star Investments (BD) Limited has been appointed as the mandated lead arranger, coordinating the issuance process. The bond's tenure spans from six months up to a maximum of five years. BSEC granted approval following a commission meeting, allowing Akij Food and Beverage to proceed with the fundraising plan. No recent stock price data for the company was available, and no direct link to similar bond impacts was found in related market trends.
The Tk 500 crore bond will provide Akij Food and Beverage with additional capital. Eligible investors can now subscribe through private placement, with terms ranging from six months to five years. The company moves forward with the issuance under the oversight of Sena Insurance and North Star Investments.
