Bangla Bond debuts on London Stock Exchange


Published:
2019-11-12 00:30:05 BdST

Update:
2021-04-17 05:52:30 BdST

Published: 2019-11-12 00:30:05 BdST

Business Live: The first ever Bangladeshi Taka-denominated bond dubbed “Bangla Bond”, amounting equivalent to US$ 10 million, debuted today on the London Stock Exchange (LSE).

The Bangla Bond was listed on the LSE by the International Finance Corporation (IFC), a private sector arm of World Bank, at a ring bell ceremony at 8am London time, said a press release of Bangladesh High Commission in London.

Following the ring bell ceremony, an “Investor’s Roundtable” to showcase Bangladesh’s growth story and investment opportunities was held, jointly organized by the IFC and LSE.

Speaking on the occasion, Finance Minister A H M Mustafa Kamal highlighted Bangladesh’s robust economic growth and major macro economic development under the leadership of Prime Minister Sheikh Hasina.

He hoped Bangla Bond would help to raise money from overseas investment, which will be invested back in Bangladesh for further strengthening its private sector.

Prime Minister’s Private Industry and Investment Affairs Adviser Salman Fazlur Rahman and Bangladesh High Commissioner to United Kingdom Saida Muna Tasneem also attended the enlistment ceremony and the roundtable.

Mustafa Kamal and Salman Fazlur Rahman addressed the briefing, alongside Nena Stoiljkovic, IFC Treasury Client Solutions Director Keshav Gaur and IFC South Asia Director Mengistu Alemayehu.

Bangladesh High Commission in London also hosted a “Bangladesh Investment Dialogue” today to celebrate the “The Ring, The Bell” ceremony of the listing of the “Bangla Bond”.

 

Dhaka 11 November (campuslive24.com)//IHA


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