Akij Food&Beverage to raise Tk 5 Billion through zero-coupon bond

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Akij Food&Beverage to raise Tk 5 Billion through zero-coupon bond

B Mirror Desk : Akij Food and Beverage Limited (AFBL), a prominent FMCG company in Bangladesh competing with international leaders, has revealed its intention to raise Tk 5 billion through a Zero-Coupon Bond, pending approval from the Bangladesh Securities and Exchange Commission (BSEC).

This five-year bond is structured to provide an appealing return and is aimed at facilitating AFBL’s ongoing growth by enhancing trade operations, improving cash flow management, and diversifying funding sources beyond conventional bank loans. This initiative underscores AFBL’s proactive financial strategy and presents a secure and innovative investment option for the expanding investor community in Bangladesh.

A recent Arrangement Agreement Signing Ceremony took place at the AFBL Head Office, attended by senior representatives from Akij Food and Beverage Limited, North Star Investments Limited, Lion City Advisory Limited, and IDLC Investments Ltd. AFBL’s leadership in the market was further affirmed when its flagship beverage brand, Mojo, was recognized as the Most Loved Brand in 2024 by the Bangladesh Brand Forum.

Additionally, in the alternative carbonated soft drink category, Speed also earned the title of Most Loved Brand in 2024, highlighting the company’s strong connection with consumers. Through this bond issuance, AFBL strengthens its position as a pivotal force in industrial innovation and capital market advancement in Bangladesh, continuing its legacy of excellence as a proud Bangladeshi FMCG leader.

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