The Bangladesh Securities and Exchange Commission (BSEC) has approved Ifad Autos Limited, to issue a bond worth Tk300 crore.
The fund will be invested in its associate company named Ifad Multi Products Limited as an equity investment.
The BSEC has attached a condition with the approval.
The bond will be a non-convertible, secured, fully redeemable, and floating rate coupon with 6%. And, its face value of each unit will be Tk1 crore.
