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Regulator approves Bangladesh’s first Orange bond worth Tk 158.5 crore

The Bangladesh Securities and Exchange Commission has approved the issuance of an Orange bond, the first of its kind in the country, by SAJIDA Foundation to raise Tk 158.5 crore to finance women's economic empowerment and accelerate progress towards gender equality. The zero-coupon bond, a debt that pays no interest but is sold at a deep discount, marks a major milestone in Bangladesh’s capital market evolution, said a press release by BRAC EPL Investments Ltd. [...]