
Offshore Taka bond program, IFC to strength capital markets
IFC, a member of the World Bank Group, announced on October 11 that it has received an approval from Bangladesh’s Ministry of Finance for the first ever offshore Taka bond program. The $1 billion-equivalent bond program aims to strengthen capital markets and increase foreign investment in Bangladesh.
Under the program, IFC will issue the first Taka-linked bonds in the offshore market and bring
the proceeds back to finance investment in Bangladesh. The bonds will be listed on the London Stock Exchange, according to IFC.
“Domestic capital markets are critica...
