
One of the largest listed companies of its kind in the country, Bangladesh’s Malek Spinning Mills has decided to issue a zero-coupon bond worth Taka 290 crore, with the aim to finance its expansion.
This was claimed by media reports while adding the company concerned has also decided to settle an insurance claim of Salek Textile, a subsidiary of the company, by paying Taka 21.12 crore as the final settlement against a claim of Taka 30.47 crore for losses caused by fire at the fabric-making facility.
It may be mentioned here a zero-coupon bond is a debt instrument that does not pay interest but instead trades at a deep discount, rendering profit at maturity, when the bond is redeemed for its full face value.






