Dhaka, Jan. 15 -- BRAC Bank and BRAC EPL Investments have successfully closed the first-ever Zero-Coupon Bond issued by the Centre for Development Innovation and Practices (CDIP), marking a significant milestone in Bangladesh's debt market with a face value of BDT 1.71 billion (Tk 171 crore).

The bond was issued as part of CDIP's strategic initiative to diversify its funding sources and reduce dependence on traditional sources of financing, according to a press release.

By tapping into the capital market, CDIP aims to optimise its cost of funds and enhance its financial flexibility to better serve its mission of financial inclusion and poverty alleviation.

The successful subscription reflects growing investor appetite for well-structur...