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News & Events of PBSL

24-May-2015
IPO Application Form (A4)

20-Feb-2014
Notice for change Margin Loan Ratio

28-Nov-2013
Notice for Fund Withdrawal in Margin Account

03-Nov-2013
Notice for Affected Investors

19-Jun-2013
Notice for maintaining minimum purchase power in Margin Account

Daily Business News All Daily Business News
20 Feb 2013
Regulator approves Tk 100cr mutual fund

Bangladesh Securities and Exchange Commission yesterday approved the initial public offering prospectus of a Tk 100 crore closed-end mutual fund.

Half of the fund or Tk 50 crore will be raised from general investors through IPO. Of the amount, Tk 40 crore will be kept for general investors, including 20 percent quota for affected retail investors, Tk 5 crore for non-resident Bangladeshis and Tk 5 crore for other mutual funds, the BSEC said in a statement.

The face value of each unit of the fund, ICB AMCL Sonali Bank Limited 1st Mutual Fund, will be Tk 10.

ICB Asset Management Company is the issue manager of the mutual fund.

A mutual fund is a professionally managed collective investment scheme that pools money from many investors and invests them in stocks, bonds and short-term money market instruments.

Presently, 41 listed closed-end mutual funds trade on the stockmarket.

At yesterday's meeting, the BSEC allowed the stock dealers and brokers to keep provisioning against unrealised losses from December 2012 to December 2103 in five quarters at 20 percent each.

The regulator also decided to give the same facility to the merchant bankers for the unrealised share credit that they provided to their clients. A notice will be issued to this effect soon.

Source :: The Daily Star