VOL NO REGD NO DA 1589

Thursday, June 09, 2005

HEADLINE

POLITICS & POLICIES

METRO & COUNTRY

VIEWS & REVIEWS

EDITORIAL

LETTER TO EDITOR

COMPANIES & FINANCE

BUSINESS & FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

FE Education

Urban Property

Monthly Roundup

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

WOMEN & ECONOMY

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

COMPANY & FINANCE
 
Phoenix Leasing to launch Tk 50m IPO, Tk 300m zero coupon bonds by Dec
FE Report
9/18/2005
 

          Phoenix Leasing Company Limited (PLCL) will float initial public offerings (IPO) worth Tk. 50 million and launch zero coupon bonds worth Tk 300 million by December next.
"Agreement with the Invest Corporation of Bangladesh (ICB) has been completed to enter into the bond market through issuing Tk 3.0 billion worth of bond by December," Managing Director of the PLCL A. Quadir Choudhury said at a press conference Saturday.
The face value of PLCL primary share will be Tk 100.
Tk 3.5 billion cumulative lease contact and disbursement were made as on September 15. 2005.
The PLCL organised the press conference in celebration of observance of its tenth anniversary.
Chairman of the PLCL Mohammed Deen Mohammed was also present at the press conference.
Referring to leasing companies' contribution of 5.0 per cent to gross domestic product (GDP), the MD said that his company was eyeing textile and export sectors for investment with a view to strengthening the economy further.
PLCL Chairman said that they were mainly offering loans to small and medium enterprises apart from housing, taxi-cab project in Dhaka metropolitan and other potential sectors. He pointed out that the recovery rate is nearly 97 per cent from these sectors.
Praising role of small and medium enterprises (SMEs) to the growth of economy and their repayment rates, he said that the company was providing nearly 80 per cent of its total disbursement to the sector.
"We will open three more branches, two in Dhaka within 2006 and one in Bogra within 2005 with a view to facilitating the SMEs" he added.

 

Phoenix Leasing Company Limited Chairman Deen Mohammed speaking at a press conference held in the city Saturday in celebration of its tenth anniversary. FE Photo
 
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com