The board of directors of ACI Limited has decided to issue 20 per cent Convertible Zero Coupon Bonds worth Tk 1.30 billion subject to the approval of the Securities and Exchange Commission (SEC).
The bonds will be traded in both Dhaka and Chittagong Stock Exchanges subject to the approval of authorities concerned.
The salient features of the bonds are as follows:
1. The bond name: ACI 20 per cent Convertible Zero Coupon Bonds.
2. Issuer: ACI Limited.
3. Face value: Tk 1.30 billion.
4. Discount rate: 10.50 per cent.
5. Maturity: 5 years with yearly redemption.
6. Issue Manger: Alliance Financial Services Limited.
7. Facility Manager: Industrial and Infrastructure Development Finance Company Limited.
8. Mode of Issue: Private and initial public offering (IPO).
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