Midland Bank Limited announced issuance of zero coupon bond. Purpose of issuance: To increase asset portfolio; Prospective investors: High net worth individuals, general insurance companies, life insurance companies, asset management companies, corporate entities, trusts etc.; Issue size: In face value: BDT 5,060 Million; In discounted value: BDT 4,294.4 Million- BDT 4,405.7 Million (depending on the discount rate the bonds are subscribed at); Tenor: 5 Years; Discount rate: 6.50% p.a. - 7.75% p.a.
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