Following BSEC Approval, Beximco Publishes Information Memorandum for Bangladesh’s First Ever Green Sukuk

Having obtained approval from the Bangladesh Securities and Exchange Commission (BSEC), the Bangladesh Export Import Company (Beximco) has published the information memorandum for Bangladesh’s green Sukuk worth BDT 30 billion.

Why it Matters?

According to the memorandum, the five-year asset-backed Green Sukuk is convertible, redeemable and participative. The company will allocate 50% of the Sukuk issuance via private placement, 25% will be offered to existing shareholders, with the remainder being offered for sale through public offering. Subscriptions of the private placement will close on the 22nd of August 2021, and will be on a first-come first-serve basis. Offerings to existing shareholders and the general public will be open from the 25th t...