Dhaka, Bangladesh, March 23 -- The board of directors of GSP Finance Company (Bangladesh) Limited has decided to issue coupon bearing bond worth BDT 2.0 billion, the company said.

The non-banking financial institution (NBFI) will issue the bond for seven years tenure in the name and style "GSP Non-Convertible Fully Redeemable Coupon Bearing Bond of BDT 2.0 billion" through private placement, according to a company's statement.

The issuance of bond is subject to approval from the regulatory authorities - Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC), it added.

The board of directors of the company has also recommended 18 per cent cash dividend for the year ended on December 31, 2018.

The final approval o...