Beximco Receives BSEC’s Primary Approval to Issue BDT 30 Billion Sukuk; Bangladesh’s Inaugural Green Sukuk 

The Bangladesh Export Import Company (Beximco) has received approval from the Bangladesh Securities and Exchange Commission (BSEC) on the 23rd of June 2021 to issue Sukuk worth BDT 30 billion.

Why it Matters?

The Sukuk will be the largest issuance in Bangladesh’s private sector, and the country’s first Green Sukuk. Beximco will use the proceeds of the secured convertible asset-backed Sukuk for the construction of solar projects of Beximco Power Company’s two subsidiaries, Teesta Solar and Korotoa Solar, as well as for the financing and refinancing of machinery and equipment required for the expansion of Beximco’s textile division.

Details