Economic Reporter :
Exim Bank Limited has got the approval to issue a Tk500 crore mudaraba subordinated bond to enhance its Tier-2 capital base.
The securities regulator, Bangladesh Securities and Exchange Commission (BSEC), approved the bond at a meeting on Sunday.
The coupon rate will be a six-month average of the fixed deposit profit with an additional 2% margin.
Eligible investors, such as banks, non-banking financial institutions, insurance, and mutual funds, can buy bond units through private placement.
