Listing of the World's first Bangladesh Taka-denominated “Bangla” bond

London Stock Exchange today welcomes the listing of the world’s first ever international Bangladesh Taka-denominated “Bangla” - bonds to its Main Market. The landmark bond issuance from IFC, a member of the World Bank Group, paves the way for the opening of the global Bangla bond market to support financing of companies from Bangladesh while raising the profile of the Bangladeshi Taka internationally.

IFC raised 800million Bangladeshi Taka (approximately USD 9.5 million equivalent) of three-year bonds, which secured strong international investor support. The proceeds of the bonds will be used to provide similar tenor funding to the PRAN Group, the leading Bangladeshi processed food and beverage manufacturer and the largest private sector employer in Bangladesh, for expansion of their processing capacities and deepening the rural distribution reach.

Standard Chartered Bank and Bank of America Merrill Lynch were lead arrangers on the bond. IFC plans to continue to issue Taka bonds to fund local currency transactions in the country.

IFC Vice President, Asia and Pacific Nena Stoiljkovic:

“The first-ever Bangla bond issued by triple A-rated IFC and listed on the London Stock Exchange will help provide Taka-denominated solutions for PRAN Group to broaden its operations and boost local jobs. We look forward to remaining an active partner in Bangladesh’s journey to attain greater prosperity.”

IFC Vice President and Treasurer John Gandolfo:

“The issuance of the inaugural Bangla bond is an important capital markets innovation. IFC is committed to expanding local currency financing in emerging markets and we plan to continue issuing Taka bonds to fund local currency transactions in Bangladesh.”

The Finance Minister of Bangladesh, AHM Mustafa Kamal:

“The Issuance of ‘Bangla Taka Bond ‘ is the beginning of a long journey to our destination.”

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
-
Listing/Admission to trading
23 Mar 2020
Looking for new and recent issues?

More recent

Climate Investment Coalition Opens London Stock Exchange for the launch of Climate Investment Summit 2022 alongside London Climate Action Week

Climate Investment Coalition opened the London Stock Exchange to launch the flagship event at London Climate Action Week 2022, Climate Investment Summit, focusing on accelerating climate investments by 2030.

The Climate Investment Summit, taking place in partnership with FTSE Russell, is a unique and leading global forum for the practice of financing and investing in global climate so

Learn more
Turquoise Global Holdings Limited and Plato Partnership Celebrate the Continued Success of Turquoise Plato™

London Stock Exchange Group welcomed yesterday Turquoise Global Holdings Limited and Plato Partnership for a Market Close Ceremony to celebrate the successful growth of our Turquoise Plato™ innovations designed in partnership with the industry.

Following a Cooperation Agreement with Plato Partnership in 2016, Turquoise rebranded its non-displayed services as Turqu

Learn more
London Stock Exchange celebrates Leverage Shares 42 new ETP listings.

Leverage Shares has expanded its range of offerings to 183 ETPs, making up almost 9% of all ETP ISIN listings on London Stock Exchange’s Main Market.

The new listings include short & leverage exposures to -

Single-stock short & leveraged offer has been expanded to include popular stocks from Korea (Coupang), Europe (ASML, VW) and some US to complete the 3x/-3x range.

Learn more
London Stock Exchange Group welcomes Tech Nordic Advocates

London Stock Exchange Group (LSEG) today welcomes Tech Nordic Advocates, Northern Europe’s largest tech/startup ecosystem and women-in-tech community, in today’s ceremony in conjunction with our joint "Scaling Diverse and Inclusive Tech Businesses Internationally" event.

"Scaling Diverse and Inclusive Tech Businesses Internationally" took place on 16th June 2022 during London Tech Wee

Learn more