Bangladesh-Based BEXIMCO’s Green Sukuk Subscription Completed

With institutional and general investors purchasing Sukuk valued at BDT 24.3 billion (USD 291.6 million) through the private offer as well an initial public offer (IPO), Bangladesh-based Bangladesh Export Import Company (BEXIMCO)’s Sukuk subscription was completed as at the 15th of December 2021.

Why it Matters?

In July, the Bangladesh Securities and Exchange Commission (BSEC) granted approval for the issuing of the BDT 30 billion (USD 360 million) Shariah-compliant green Sukuk, specifying that BDT 7.5 billion (USD 90 million) be issued to existing shareholders of the company, BDT 15 billion (USD 180 million) to institutional investors and the balance, BDT 7.5 billion (USD 90 million), to be raised through an IPO. The tenure of the Sukuk is 60 m...