Dhaka, Bangladesh (BBN)- The capital market refinancing scheme committee will apply for the second installment worth BDT 3.0 billion this week following the disbursement of the first installment, officials said.
Meanwhile, the committee has also extended the timeframe of applying for the refinancing scheme facility up to September 30 this year. The current timeframe will end on June 30, 2014.
The committee on Monday held a meeting to discuss the disbursement situation of the first installment worth BDT 3.0 billion and also decided to give the requisition for the second installment from the central bank.
“The first installment worth BDT 3.0 billion has already been saturated among the borrowers of the capital market. That’s why we have decided to apply for the second installment this week,” said a committee member.
The Bangladesh Bank (BB) disbursed the first installment worth BDT 3.0 billion out of BDT 9.0 billion capital market refinancing scheme at the end of August 2013.
The remaining fund worth BDT 6.0 billion was supposed to disburse through another two installments following the requisition of the supervisory committee of the capital market refinancing scheme.
BBN/SSR/AD-24June14-11:50 am (BST)