Beximco Sets Record Date for Sukuk Subscription by Existing Shareholders as 19th of July 2021

Bangladesh Export Import Company (Beximco) has set the record date as the 19th of July 2021, for the existing shareholders of the company to subscribe to the asset-backed Beximco Green-Sukuk al Istisna for BDT 7.50 billion under private offer. This is a portion of Bangladesh’s first Green Sukuk valued at BDT 30 billion.

Why it Matters?

Beximco is to use the proceeds from the subscription for the implementation of solar projects, Teesta Solar and Korotoa Solar, to produce electricity from renewable energy and transmit it to the national grid. It is to also utilise the proceeds for an expansion project of financing and refinancing (non-interest bearing) of textile machineries for enhancement of Beximco’s textile division to ensure energy-ef...