Regulatory Alerts2020-09-24
Added · Updated
DOS Circular Letter No. 27: Constitution of Special Fund for Capital Market and Investment Policy
This circular amends the interest rate for funds raised via the repo facility for the Special Fund from 5.00% to 4.75%. It replaces the investment guidelines for listed corporate bonds/debentures, requiring a minimum fixed coupon of 10.00% or a variable rate not lower than the previous month's 10-year Treasury bond rate plus 1.00%. For asset-backed bonds, it mandates a minimum fixed profit of 8% or a variable rate not lower than the previous month's 10-year Treasury bond rate plus 0.50%. These changes apply immediately to scheduled banks in Bangladesh, with existing repo agreements adjusted upon maturity.
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