Bangladesh, Nov. 10 -- The first ever Bangladeshi Taka-denominated bond titled "Bangla Bond" will be listed on the London Stock Exchange (LSE) on Monday.

Initially, the Bangla Bond will be equivalent to US$10 million on the London bourse.

This bond will have a three-year maturity, with a 6.3 percent annual rate of interest.

The International Finance Corporation (IFC), a sister concern of the World Bank, is set to float the bond, said the Bangladesh High Commission in London on Sunday.

The IFC will be the guarantor of this bond in the international market.

The proceeds from this bond in the European market will be invested back in Bangladesh for development of its private sector.

"The Ring, The Bell" ceremony of the listing of bond w...