Purchase by Bangladesh residents of Taka bonds issued by foreign owned/controlled companies in Bangladesh

Foreign Exchange Policy Department Bangladesh Bank Head Office Dhaka www.bb.org.bd FE Circular No. 18 Date: April 12, 2017 All Authorized Dealers in foreign exchange in Bangladesh Dear Sirs, Purchase by Bangladesh residents of Taka bonds issued by foreign owned/controlled companies in Bangladesh In terms of Section 18(2) of the FER Act, 1947, no person resident in Bangladesh may lend any money or security to any foreign owned/controlled company other than banking company except with the general or specific approval of Bangladesh Bank. (Foreign owned/controlled companies in this context shall mean those companies as defined in paragraph 4(C), chapter 16 of the Guidelines for Foreign Exchange Transactions-2009, Vol-1.) 02. General approval is hereby accorded for purchase by individuals and institutions resident in Bangladesh of Taka bonds issued with permission of the Bangladesh Securities and Exchange Commission by foreign owned/controlled companies in Bangladesh. Please bring the contents of this circular, effective immediately, to the notice of all your concerned constituents. Yours faithfully, (Md. Abdul Mannan) Deputy General Manager Phone: 9530319