Bangladesh Bank just tacked on another five years to their 8,000-crore taka Islamic bond that was supposed to wrap up at the end of this month. The Sukuk got issued for a clean water project, and regulators decided to push the deadline out to 2030 after their Shariah committee signed off on keeping everything halal.
Bondholders can either ride it out or cash in their chips on the original due date if they want out. The government will fork over 3,804 crore in rental payments for using the leased assets during the extension, with payouts hitting twice a year at a 4.69% effective rate. People who want to bail can hit up their banks to process the withdrawal through Bangladesh Bank's Islamic Securities crew.
Bondholders can either ride it out or cash in their chips on the original due date if they want out. The government will fork over 3,804 crore in rental payments for using the leased assets during the extension, with payouts hitting twice a year at a 4.69% effective rate. People who want to bail can hit up their banks to process the withdrawal through Bangladesh Bank's Islamic Securities crew.
