Dhaka, Bangladesh (BBN) - The Securities and Exchange Commission (SEC) has approved the prospectus of AB Bank First Mutual Fund (ABFMF) which will go public with a size of BDT 1.5 billion.
The securities regulator at its Tuesday’s meeting approved the prospectus, Executive Director of the SEC Mohammad Saifur Rahman said.
Of the BDT 1.50 billion, BDT 750 million will be raised through private placement and sponsorship. The remaining BDT 750 million will be raised through initial public offering (IPO).
The face value of the mutual fund will be BDT 10 per unit and a market lot will contain 500 units.
BBN/SSR/AD-09Aug11-9:32 pm (BST)
