Regulatory Alerts2024-09-01
Added · Updated
FEPD Circular No. 15: Interest rate on borrowing from Export Development Fund (EDF)
Bangladesh Bank amends the interest rate structure for Export Development Fund (EDF) loans, replacing the previous fixed rates with variable benchmarks. Effective immediately, the interest rate charged by Bangladesh Bank to Authorized Dealers (ADs) is set at Secured Overnight Financing Rate (SOFR) plus 0.5% per annum, while ADs must charge manufacturer-exporters at SOFR plus 1.50% per annum. All other existing instructions regarding EDF remain unchanged.
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