Dhaka, Bangladesh (BBN)– The board of directors of Delta Brac Housing Finance Corporation has decided to issue Non-Convertible Zero Coupon Bonds of BDT 3.0 billion (in face value).
The bond will be multiple tranches and fund will be raised through private placement, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website on Tuesday.
Tenure of the bond will be from six months and up to 5 years from the issue date subject to the approval of the regulatory authorities like Bangladesh Bank and Bangladesh Securities and Exchange Commission, said the disclosure.
Each share of the company, which was listed on the Dhaka bourse in 2008, closed at BDT 129.40 on Thursday, the last trading day of the year, 2018.
In the last one year, the company’s share price hovered between BDT 126.10 and BDT 144.
The company disbursed 30 percent cash dividend for the year ended on December 31, 2017.
The company’s earnings per share (EPS) stood at BDT 1.82 for July-September, 2018 as against BDT 1.83 for July-September, 2017.
In nine months for January-September, 2018, EPS was BDT 6.65 as against BDT 6.59 for January-September, 2017.
The net operating cash flow per share (NOCFPS) was BDT 22.91 for January-September, 2018 as against BDT 28.94 for January-September, 2017.
The net asset value (NAV) per share was BDT 39.41 as on September 30, 2018 and BDT 34.56 as on December 31, 2017.
The company’s paid-up capital is BDT 1.21 billion and authorised capital is BDT 2.0 billion, while the total number of securities is 121.85 million.
The sponsor-directors own 51.32 percent stake in the company, while institutional investors own 2.82 percent, foreign investors 43.29 percent and the general public 2.57 percent as on November 30, 2018, the DSE data shows.