The Bangladesh Securities and Exchange Commission (BSEC) has approved a Tk 500 crore zero-coupon bond proposed by Akij Food and Beverage Limited. The approval was granted during a commission meeting held on Wednesday, chaired by BSEC Chairman Khondkar Rashed Maksud, according to an official press release.

The bond will be unsecured, non-convertible, and fully redeemable at face value upon maturity, with no interest payments. Its tenure will range from six months to a maximum of five years. Each unit of the bond will have a face value of Tk 10 lakh and will be issued through private placement to banks, non-bank financial institutions, insurance companies, institutional investors, and high-net-worth individuals. Sena Kalyan Insurance PLC will act as the trustee, while North Star Investments (BD) Limited will serve as the fund arranger.

The approval marks a significant financing initiative for Akij Food and Beverage Limited, expanding its access to institutional capital through the domestic bond market.