Dhaka, Bangladesh (BBN)– Trading of MBL 1st Mutual Fund and Subordinated 25 per cent Convertible Bonds of BRAC Bank Limited will begin on the Dhaka Stock Exchange (DSE) February 8 this year.

The DSE board of directors has decided that the trading of the units of MBL 1st Mutual Fund sponsored by Mercantile Bank Ltd will start under ‘A’ category. DSE Trading Code for MBL 1st Mutual Fund is “MBL1STMF” and DSE company code is 12184.

On the other hand, BRAC Bank bonds will be traded under ‘N’ category. DSE Trading Code for Subordinated 25 per cent Convertible Bonds of BRAC Bank Ltd is “BRACSCBOND” and DSE company code is 26003.

The subscription of MBL MF opened on December 12, 2010 and closed December 19, 2010.

The face value is BDT 10.00 per unit with market lot of 500 Units. The Sponsor’s Portion was 10,000,000 units, Pre IPO Placement Portion 40,000,000 units and Public Offer 50,000,000 units.

The size of the MBL Fund was 100,000,000 units while the size of the fund was Tk. 1,000,000,000.00. LR Global Bangladesh Asset Management was the issue manager.

On the other hand, the opening date for subscription of BRAC Bank bonds was December 5, 2010 while closed on December 9, 2010.

MBL 1st Mutual Fund is the 32nd mutual fund listed on the DSE.

 BBN/SI/AD-04Feb11-1:15 am (BST)