Bangladesh
2 years ago

Ashuganj Power approves 5.25pc coupon rate

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The trustee of Ashuganj Power Station Company Limited (APSCL) has approved a coupon rate of 5.25 per cent for APSCL non-convertible and fully redeemable coupon bearing bond for the fourth year first half period.

The fourth-year first half period is from January 4 to July 4 this year.

The record date for entitlement of the bond’s coupon rate profit was set for 4 July.

The characteristics of the bond of the APSC are non-convertible, fully redeemable and coupon bearing with a face value of Tk 5000 per unit. The tenure of the bond is seven years.

Its bond price remained stuck at Tk 5500 each in the last 10 months.

The company also paid a 5.25 per cent coupon rate for the third year second half period from July 05, 2022 to January 04, 2023.

In 2019, the company raised Tk 1 billion through bond issue.

Ashuganj Power is one of the largest power generation companies in Bangladesh. At present, the total capacity of its eight units is 1,690MW.

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