Stocks
BSEC Greenlights National Housing’s Tk 374.4cr Zero-Coupon Bond
The Bangladesh Securities and Exchange Commission (BSEC) has granted approval to National Housing Finance and Investment for the issuance of a Tk 374.4 crore zero-coupon bond. This marks the company’s first venture into non-convertible, fully redeemable, and unsecured zero-coupon bonds. The approval was obtained during a BSEC meeting on Tuesday (28 November).
The zero-coupon bond will carry a discount rate of up to 9% and will be issued through private placement among institutional investors and high-net-worth individuals. The unit price of the bond is set at Tk 1 lakh. The funds raised through this bond issuance will be utilized by the company for providing loans in the housing sector, with an additional commitment to invest 10% of its income in government securities.
Local merchant bank IDLC Investments Ltd has been appointed as the trustee for the bond, while BRAC EPL Investments Ltd will serve as the arranger. The zero-coupon bond will be listed on the alternative trading board of the stock exchanges.
In Bangladesh, a zero-coupon bond is issued at a discount from its face value, and bondholders receive the face value at maturity. Notably, income from zero-coupon bonds in the country is exempt from income tax for both individual and corporate investors.
National Housing Finance and Investment Ltd, listed on the capital market since 2009, reported an earnings per share of Tk0.41 in the July to September quarter of 2023, compared to Tk0.69 in the same period of the previous year. As of October 31 this year, the company’s ownership structure includes sponsors and directors jointly holding 50.57%, the government holding 9.34%, institutions holding 10.47%, and general investors holding 29.62% of the company’s shares.
Dhaka Stock Market DSE, Bourse on the last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
