BRAC Bank, BRAC EPL close SAJIDA Foundation’s Tk198cr zero-coupon bond
BRAC Bank and BRAC EPL Investments have successfully closed the SAJIDA Foundation 2nd Zero Coupon Bond with a face value of Tk198 crore, marking a notable milestone for Bangladesh's growing debt market.
The two institutions jointly acted as arrangers. The bond was fully subscribed, drawing strong interest from institutional and high-net-worth investors and signalling wider participation beyond traditional players such as banks, NBFIs and insurance companies.
The instrument's interest income is entirely tax-exempt for all investors except banks, NBFIs and insurers, offering an attractive option for alternative investors seeking tax-efficient returns while supporting development financing.
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The response reflects market confidence in SAJIDA Foundation's credit profile and underscores BRAC Bank and BRAC EPL's role in promoting innovative debt solutions.
SAJIDA Foundation works across health, microfinance, education and climate resilience to support marginalised communities nationwide. BRAC EPL Investments, a leading investment bank, provides issue management, corporate advisory and portfolio services.
Zero-coupon bonds are issued at a discount and pay no periodic interest, with investors receiving the full face value at maturity.
