BB encourages investment in ICB bond - Share market analysis of dhaka stock exchange, Bangladesh

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11 October, 2018 09:51 AM Source: The Daily Star Bangladesh

If any bank pours money in the seven-year subordinated bond of Investment Corporation of Bangladesh, it will not be included in the bank's market exposure, Bangladesh Bank said in a circular on Tuesday. Most of the Tk 2,000 crore worth bond will be invested in the capital market. The interest rate will be 9 percent and in case of late redemption an extra 2 percent would be charged. 

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