Trading of Dhaka Bank Perpetual Bonds begins tomorrow
Dhaka, Feb. 4 -- Trading of Dhaka Bank Perpetual Bonds will commence on the stock exchanges on February 5 under the settlement category 'N' as an eighth listed perpetual bonds.
The Dhaka Stock Exchange trading code for the bond is "DBLPBOND" and company code is 26012, according to a disclosure posted on the DSE Thursday.
Perpetual bonds are fixed income securities with no maturity date and they are often considered a type of equity rather than debt. These types of bonds are not redeemable. Instead, they provide a never-ending stream of interest payments.
Currently, seven perpetual bonds are listed in the stock market.
The Bangladesh Securities and Exchange Commission (BSEC) on October 6 last year accorded its consent to Dhaka Bank to ...
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