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DBH to issue Tk 3.0b Zero Coupon Bonds

FE Online Report | Published: January 01, 2019 12:26:05 | Updated: January 02, 2019 12:38:52


The board of directors of Delta Brac Housing Finance Corporation has decided to issue Non-Convertible Zero Coupon Bonds of Tk 3.0 billion (in face value).

The bond will be multiple tranches and fund will be raised through private placement, according to a disclosure posted on the Dhaka Stock Exchange website on Tuesday.

Tenure of the bond will be from six months and up to 5 years from the issue date subject to the approval of the regulatory authorities like Bangladesh Bank and Bangladesh Securities and Exchange Commission, said the disclosure.

Each share of the company, which was listed on the Dhaka bourse in 2008, closed at Tk 129.40 on Thursday, the last trading day of the year, 2018.

In the last one year, the company’s share price hovered between Tk 126.10 and Tk 144.

The company disbursed 30 per cent cash dividend for the year ended on December 31, 2017.

The company’s earnings per share (EPS) stood at Tk 1.82 for July-September, 2018 as against Tk 1.83 for July-September, 2017.

In nine months for January-September, 2018, EPS was Tk 6.65 as against Tk 6.59 for January-September, 2017.

The net operating cash flow per share (NOCFPS) was Tk 22.91 for January-September, 2018 as against Tk 28.94 for January-September, 2017.

The net asset value (NAV) per share was Tk 39.41 as on September 30, 2018 and Tk 34.56 as on December 31, 2017.

The company’s paid-up capital is Tk 1.21 billion and authorised capital is Tk 2.0 billion, while the total number of securities is 121.85 million.

The sponsor-directors own 51.32 per cent stake in the company, while institutional investors own 2.82 per cent, foreign investors 43.29 per cent and the general public 2.57 per cent as on November 30, 2018, the DSE data shows.

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