• Wednesday, Dec 07, 2022
  • Last Update : 09:54 am

ED: A boost for the bond market

  • Published at 06:59 pm December 29th, 2020
economy graph

To that end, it is a pleasant surprise to see the boom in bonds for Bangladesh in 2020, with 23 companies raising a total of Tk9,017 crore from the capital market

The year 2020 has been difficult, to say the least; the coronavirus pandemic has wreaked havoc across economies, affecting any and every sector.

To that end, it is a pleasant surprise to see the boom in bonds for Bangladesh in 2020, with 23 companies raising a total of Tk9,017 crore from the capital market by issuing a bond. This was almost double the average of Tk5,000 crore since 2012, and there is hope that Bangladesh has turned a corner for the positive in this regard.

What is more, the secondary bond market -- which has remained inactive and has rendered the bond market as essentially non-functional -- appears to be going through changes, to allow for treasury bonds to be traded through the beneficiary owner’s (BO) accounts.

Indeed, as economies struggle to remain afloat, businesses require all the help they can get, and the increase in funds raised from bonds, and more activity in the bond market in general, is an encouraging sign that, rather than remaining complacent, we are looking to be pro-active and take action.

While capital markets can be volatile, as Shibli Rubayet ul Islam, chairman of the Bangladesh Securities and Exchange Commission remarked, remaining only equity-based limits its scope, and as such, encouraging more bonds and other forms of alternative investment funds, are a welcome move to diversify and enrich the capital market.

As Bangladesh looks to make headway in its development journey, establishing a robust capital market, one constituting of a more diverse portfolio of financial instruments, will be integral

Facebook 62
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail