Dhaka, Bangladesh (BBN) – Citibank, N.A. Bangladesh, with its aim to support the evolution and growth of the nascent Bond Market of the country, on Monday organized a seminar in Dhaka titled as “Bond Market – Infrastructure & Opportunities”.

The seminar concentrated on issues like prospect of bond as means of finance, regional outlook and growth pattern, legal environment for bond in Bangladesh.

Ziaul Hasan Siddiqui, Deputy Governor of Bangladesh Bank, the country’s central bank, inaugurated the seminar.

Mamun Rashid, Managing Director and Citi Country Officer, Bangladesh and Mr. Adrian Nye, Director and Regional Sales Head of Citi’s Agency & Trust business and other prominent experts from the financial industry were present during the inaugural ceremony.

Mr. Siddiqui, in his inaugural speech stressed the importance of bonds as a key stimulator for the proper development of country’s capital market. This will open avenues for the issuer in the country to choose among more financial options to run their companies as he added.

He also emphasized the role of market intermediaries to popularize this instrument in Bangladesh financial market.

Mr. Mamun Rashid in his speech underscored the importance of prudent risk management in view of the global financial turmoil.

He also said that we should not disconnect ourselves from globalization rather we should learn from the mistakes and ensure that we do not make those mistakes.

The seminar was well attended by over fifty participants from the leading financial institutions. Several chief executive officers (CEOs) of banks and financial institutions attended the inaugural ceremony of the seminar.

BBN/SI/SS/AD-14October08-10:25 AM (BST)