Dhaka, April 25 -- Bangladesh Export Import Company (BEXIMCO) has announced to commence subscription of 'Beximco 1st Unsecured Zero Coupon Bond' on Sunday (April 28), aiming to collect Tk 15 billion.

The bond subscription will be continued until May 15, according to a statement published on Thursday.

A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount. It will render a profit at maturity when the bond is redeemed for its full face value.

The Bangladesh Securities and Exchange Commission on March 31 allowed Beximco to issue a zero-coupon this year for repaying high-value-debt and investing in the Sreepur Township project.

This non-convertible, redeemable, unsecured bond of Tk 10 billio...