Business Desk :
MetLife Bangladesh has further diversified its investment portfolio through its subscription of Tk 116 crore in the Zero-Coupon Bond issued by Delta Brac Housing Finance Corporation Ltd (DBH).
MetLife, the largest institutional investor of this bond, plans to continue providing sustainable financing to local corporates and better returns on customers’ insurance policies through this initiative.
UCB Investment Limited, which is a 100 per cent owned subsidiary of United Commercial Bank, is the lead arranger of this bond issuance, a press release said on Saturday.
The recent subscription complements MetLife’s strong investment portfolio in the country, which also includes over Tk 13,000 crore investment in Bangladesh Government Bonds, and Tk 210 crore subscription in Bangladesh’s first private sector guaranteed bond.
