Dhaka, March 31 -- The country's stock market watchdog has approved Beximco's proposal to issue zero-coupon bonds worth Tk 26.25 billion.

At the same meeting, the Bangladesh Securities and Exchange Commission (BSEC) also approved the rules for the Real Estate Investment Trust Fund (REIT), which will open up opportunities for general people to get dividends from real-estate investments.

Zero-coupon bonds

If Beximco can sell the targeted number of bonds, it will receive Tk 15 billion, from bond investors, and will be bound to pay back Tk 26.25 billion at maturity, with 15 per cent interest rate.

The zero-coupon bonds will be sold through private placements.

Institutional investors and high net worth individuals will be able to invest i...