DMD Circular Letter No. 07: Trading of IRIDP-3 Social Impact Sukuk at negotiated price — BB — BD

50119

Bangladesh Bank
(Central Bank of Bangladesh)
Head Office
Motijheel, Dhaka-1000
Bangladesh.

Data Management Department

DMD Circular Letter No.-07

Date: 02 Ashwin 1430
17 September 2023

Managing Director/Chief Executive
All Scheduled Banks and Financial Institutions operating in Bangladesh.

Dear Sir,

Regarding the purchase and sale of 'IRIDP-3 Social Impact Sukuk' at a negotiated price in the secondary market.

Reference is drawn to the prospectus published through this department's letter No. DMD/226/2022-594 dated April 17, 2022, regarding the issuance of Sukuk against the project titled 'Priority-Based Rural Infrastructure Development Project-3 (IRIDP-3)'.

According to the aforementioned prospectus, IRIDP-3 Social Impact Sukuk of 5,000 Crore Taka was issued on April 20, 2022, at an annual rental rate of 4.75% under the Istisna and Ijara modes, which was tradable only at the stated price. Currently, due to the implementation of one-third of the aforementioned project in accordance with the conditions described in the prospectus, the Sukuk has become eligible for purchase and sale at a negotiated price in the secondary market. In this context, instructions are hereby given that IRIDP-3 Social Impact Sukuk may be traded at a negotiated price.

Yours faithfully,

(Masuma Sultana)
Additional Director
Phone: 9530209
E-mail: masuma.sultana@bb.org.bd

Phone: 88-02-9550448, 9554896, IP: 88-02-55665001-6, Fax: 88-02-9530479, www.bb.org.bd