During the visit, Atakhaniv was “deeply impressed” by the advanced technologies and sustainable practices employed at Beximco, according to a news release
Beximco plans to sell Tk 30bn worth of sukuk
Beximco Ltd is set to issue sukuk, a Shariah-compliant debt instrument, worth Tk 30 billion, the biggest offer by any private company in Bangladesh.
Published : 3 March 2021, 07:35 AM
Updated : 3 March 2021, 07:35 AM
The company took the decision after a meeting on Tuesday as part of a push to mobilise funds for the solar power projects of Teesta Solar and Korotoa Solar, the subsidiaries of Beximco Power Company Ltd, according to a notice on the company’s website.
The proceeds from the sukuk, maturing in five years, will also be used to finance the machinery and equipment required for the expansion of Beximco's textile division.
A sukuk is a bond that conforms to Islamic strictures on the prohibition of charging or paying interest.
Each sukuk will be valued at Tk 100 on the capital market, subject to the approval of the Securities and Exchange Commission.
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