Dhaka, Bangladesh (BBN)– The board of directors of IDLC Finance has decided to issue non-convertible zero coupon bonds of BDT 5.00 billion in face value.

Denomination of the bond is BDT 1.0 million each with tenor up to five years, said an official disclosure on Sunday.
The non-bank financial institutions will issue the bond through private placement.

The bond issue is subject to the approval of regulatory authorities like Bangladesh Bank (BB) and Bangladesh Securities and Exchange Commission (BSEC).

Each share of the company, which was listed on the Dhaka Stock Exchange (DSE) in 1992, closed at BDT 69.90 on Thursday last.

Its share traded between BDT 57 and BDT 92.90 in the last one year.

The company’s consolidated earnings per share (EPS) stood at BDT 1.88 for July-September 2018 as against BDT 1.73 for July-September 2017.

The consolidated EPS was BDT 4.83 in nine months for January-September 2018 as against BDT 4.90 for January-September 2017.

The consolidated net operating cash flow per share (NOCFPS) was BDT 27.06 for January-September 2018 as against BDT 23.08 for January-September 2017.

The consolidated net asset value (NAV) per share was BDT 35.24 as on September 30, 2018 and BDT 33.41 as on December 31, 2017.

The company disbursed 30 percent cash dividend for the year ended on December 31, 2017.

The company’s paid-up capital is BDT 3.77 billion and authorised capital is BDT 10 billion, while the number of securities is 377.05 billion.

The sponsor-directors own 56.66 percent stake in the company, while institutional investors own 17.11 percent, foreign 13.47 percent and the general public 12.76 percent as on October 31, 2018.