Krishi Bank seeks Tk 103b zero-coupon bond
Dhaka, Oct. 11 -- The Bangladesh Krishi Bank (BKB) has requested the government to issue redeemable zero-coupon bond worth Tk 103.18 billion to meet its capital shortfall.
Officials said the state-owned BKB has sought the redeemable 10-series zero-coupon bond under re-capitalisation at a 4.0-per cent yield.
The product's maturity period will be 10 years from the date of issuance. It will be paid in 10 equal instalments, Tk 12.72 billion, including yield annually.
A zero-coupon bond is a debt security that does not pay interest but trades at a deep discount, rendering a profit at maturity, according to the Investopedia.
According to a government instruction, the BKB gives loans to crop, fisheries and livestock sectors at a maximum of 9...
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