Beximco’s BDT 7.5 Billion Sukuk IPO Subscription Period Extended Following Lukewarm First Phase Investor Response

The subscription period for the initial public offering (IPO) of Bangladesh Export Import Company’s (Beximco) Green Sukuk Al Istisna’a for BDT 7.5 billion has been extended till the 6th of September 2021, following a lukewarm response from investors in the first phase, according to a company filing with the Dhaka Stock Exchange (DSE) on the 24th of August 2021. The issuance is a portion of Bangladesh’s first Green Sukuk valued at BDT 30 billion.

Why it Matters?

The first phase of the IPO subscription for Bangladesh’s largest private Sukuk took place between the 16th and 23rd of August 2021, and only received 7.42% subscription worth BDT 556.16 million from 71 institutional investors, according to the DSE. As such, the subscrip...