A new security has been listed on DSE’s ATB platform as trading of the Runner Auto Sustainability Bond commenced on Wednesday under the ‘P’ category on the Alternative Trading Board (ATB) of the Dhaka Stock Exchange (DSE).
The bond, with trading code "RAPLCSBOND" and scrip code "55007", has a face value and issue price of Tk 1,000,000 per unit and a remaining tenure of 4 years and 11 months.
It carries a coupon rate of 8.76 percent, payable semi-annually.
The bond is an unsecured, redeemable, non-convertible, guaranteed sustainability bond, with a total issue size of Tk 267.50 crore and a minimum subscription of 10 lakh units.
Its trading will follow a circuit breaker of 4 percent for the first two trading days and 5 percent from the fourth day onward.
Runner Automobiles reported a consolidated EPS of Tk (0.54), NAV per share of Tk 66.49, and NOCFPS of Tk 21.70 for the year ended June 30, 2024, compared to Tk (7.75), Tk 62.62, and Tk 38.32 respectively for the previous year.
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A listing agreement ceremony was held at DSE today, signed by DSE Senior Manager and Head of OTC Market Ishrat Jahan and Runner Automobiles CFO Shanat Dutta on behalf of their respective organizations.
DSE Acting Managing Director and CEO Asadur Rahman said, “After a long time, a new security has been listed on DSE’s ATB platform. A digital application process is being introduced to make IPO applications easier and more efficient, allowing companies to apply simultaneously to DSE and the Bangladesh Securities and Exchange Commission (BSEC), while tracking the progress of their applications.”
Runner Automobiles Managing Director and CEO Nazrul Islam said the sustainability bond will benefit the country in three ways: financing solar power generation, producing three-wheelers to improve transport access for low-income groups, and providing direct and indirect credit support to low-income individuals through installment-based vehicle sales.
With this listing, a total of seven bonds and one equity security are now listed on DSE’s ATB Platform.