Dutch development bank invests $50m in Brac
Dutch development bank FMO has invested $50 million in Brac to accelerate innovations that impact the lives of underserved and marginalised people. The five-year facility will be fully earmarked to the financing of the microfinance portfolio.Brac is the market leader for the microfinance sector in Bangladesh with a microfinance loan portfolio of $3.2 billion serving more than 7.4 million customers, among whom 85 per cent are women, in more than 69,000 villages.
BSEC approves country’s first green zero coupon bond
Bangladesh Securities and Exchange Commission (BSEC) has approved the country’s first green zero-coupon bond with the help of which Sajida Foundation will raise a fund of Tk 100 crore.Instead, it trades at a discount, rendering a profit at maturity, when the bond is redeemed for its full face value. Face-value of the country’s first bond is Tk 10 lakh.The bond would be issued to financial institutions, insurance companies, corporations, and individuals with a high net worth through private placement. SenaKalyan Insurance Company is the bond’s trustee while Standard Chartered Bangladesh is the mandated lead arranger.
Agri ministry starts distributing farming tools worth Tk 30.2b
Agriculture ministry on Tuesday started distributing farming machinery in 500 upazilas of the country under its mechanisation project. A total of 5,800 pieces of farm machinery including combined harvesters, reapers, rice transplanters and others will be distributed, said Agriculture Minister Dr Muhammad AbdurRazzaque, while inaugurating the programme through a virtual meeting. A total of 1,617 combined harvesters, 701 reapers and 184 rice transplanters will be distributed among farmers in 500 upazilas across the country this year. Of the tools, 510 combined harvesters and 231 reapers will be distributed in the haor region for smooth harvesting of paddy this month. MdAsadullah said as per their research, farmers could save Tk 52.71 billion annually if all the paddy of Boro season (nearly that of 4.8 million hectares) could be collected through modern harvesters.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|Nikkei 225||$ 29,624.53||↓106.26||↓0.36%|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 59.61||↓0.16||↓0.27%|
|Crude Oil (Brent)||$ 63.00||↓0.16||↓0.25%|
|Gold Spot||$ 1,738.97||↑1.25||↑0.07%|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 84.8000|
|GBP 1||BDT 117.2530|
|EUR 1||BDT 100.7254|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<