Investors in limbo as Beximco Green-Sukuk bonds near maturity

Beximco Green-Sukuk bonds will mature in December, but the issuer is struggling to arrange funds to repay the principal, while the regulator has shown reluctance to extend the maturity, leaving investors in limbo.

According to the Investment Corporation of Bangladesh (ICB), the trustee of the instrument, it has only BDT 5.68 billion in the account while the aggregate amount payable is BDT 28.09 billion. There is no way to bridge the gap by December.

https://today.thefinancialexpress.com.bd/public/stock-corporate/investors-in-limbo-as-beximco-green-sukuk-bonds-near-maturity-1793896698