SAJIDA Foundation gets approval to issue Tk100cr green bond
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard

Monday
July 04, 2022

Sign In
Subscribe
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
  • Epaper
  • More
    • Subscribe
    • COVID-19
    • Bangladesh
    • Splash
    • Videos
    • Games
    • Long Read
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
MONDAY, JULY 04, 2022
SAJIDA Foundation gets approval to issue Tk100cr green bond

Corporates

TBS Report
13 August, 2021, 06:20 pm
Last modified: 13 August, 2021, 06:52 pm

Related News

  • SCB, SAJIDA Foundation to empower poverty-stricken communities
  • Standard Chartered arranges Green Zero-Coupon Bond for Sajida Foundation
  • Standard Chartered issues country’s 1st Green Bond for Pran Agro 
  • Tackling climate change - how will the world pay for it?
  • Improved sanitation facilities for RMG workers 

SAJIDA Foundation gets approval to issue Tk100cr green bond

Earlier in May, SAJIDA received approval for the first ever green bond from the Bangladesh Securities and Exchange Commission

TBS Report
13 August, 2021, 06:20 pm
Last modified: 13 August, 2021, 06:52 pm
SAJIDA Foundation gets approval to issue Tk100cr green bond

After receiving approval from Bangladesh Securities Exchange Commission, SAJIDA Foundation has now received approval from Microcredit Regulatory Authority to issue a Tk100 crore green bond.

Md Fashiullah, Executive Vice-Chairman of Microcredit Regulatory Authority (MRA) handed over the approval documents to Zahida Fizza Kabir, Chief Executive Officer of SAJIDA Foundation and SN Kairy, Senior Advisor of SAJIDA Foundation, said a press release.  

Earlier in May, SAJIDA received approval for the first ever green bond from the Bangladesh Securities and Exchange Commission (BSEC).

The value of the bond is Tk100 crore for a tenure of two years, which is unsecured, non-convertible, and fully redeemable. I It will also use the funds for ensuring environmental development.

A green bond is a fixed-income instrument specifically earmarked to raise money for climate and environmental projects. By issuing this bond, SAJIDA Foundation will enhance its micro credit operations across the country and catalyse climate friendly initiatives.

"We thank MRA for supporting our initiative. This instrument will enable us to grow our operations and support sustainable initiatives in the areas of agriculture, sanitation and renewable energy", said Zahida Fizza Kabir, CEO of SAJIDA Foundation.

SAJIDA Foundation is a value-driven non-government organisation that embodies the principle of corporate philanthropy, with 51% shareholding at Renata Ltd.

The organisation was founded by Syed Humayun Kabir in 1993, with a vision of bringing health, happiness, and dignity for people from all. SAJIDA's portfolio consists of community centric and evidence-based programs focusing on healthcare, mental health, urban poverty alleviation and financial services.

Economy

Sajida Foundation / Green Bond / Microcredit Regulatory Authority / SAJIDA Foundation green bond

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Export shines, deficit widens too
    Export shines, deficit widens too
  • Home textiles, agri and leather emerge with major export potentials
    Home textiles, agri and leather emerge with major export potentials
  • Photo of Bangladesh Secretariat/Collected
    Fresh belt-tightening to save govt Tk32,000cr

MOST VIEWED

  • FICCI welcomes amended Finance Bill 2022-23  
    FICCI welcomes amended Finance Bill 2022-23  
  • Photo: Courtesy
    AIBL receives sustainability rating recognition
  • Touhidul Alam moderates "International IFN on Air Roadsow-2022"
    Touhidul Alam moderates "International IFN on Air Roadsow-2022"
  • Kansai Nerolac Paints and Sindabad sign agreement to facilitate business 
    Kansai Nerolac Paints and Sindabad sign agreement to facilitate business 
  • Photo: Courtesy
    RFL gets Tk215cr from BII to triple refrigerator production
  • Photo: Courtesy
    Standard Chartered, CAMPE to support 15,000 flood-impacted with emergency relief

Related News

  • SCB, SAJIDA Foundation to empower poverty-stricken communities
  • Standard Chartered arranges Green Zero-Coupon Bond for Sajida Foundation
  • Standard Chartered issues country’s 1st Green Bond for Pran Agro 
  • Tackling climate change - how will the world pay for it?
  • Improved sanitation facilities for RMG workers 

Features

A Glittery Eid

A Glittery Eid

11h | Mode
Rise’s target customers are people who crave to express themselves through what they wear, and their clothing line is not relegated to any age range.

Level up your Eid game with Rise

11h | Mode
Stefan Dercon, a Professor of Economics at the University of Oxford and former Chief Economist of the Department of International Development (DFID). Illustration: TBS

Renewing the ‘elite bargain’ for Bangladesh’s future growth

14h | Panorama
The eye-catching commuter: Suzuki Gixxer SF 155

The eye-catching commuter: Suzuki Gixxer SF 155

1d | Wheels

More Videos from TBS

Is the Western intention to defeat Russia through Ukraine successful?

Is the Western intention to defeat Russia through Ukraine successful?

1h | Videos
Tattoo industry growing in Bangladesh

Tattoo industry growing in Bangladesh

1h | Videos
Ukraine to receive huge arms consignment

Ukraine to receive huge arms consignment

1h | Videos
Warren Buffett's 10 tips to get rich

Warren Buffett's 10 tips to get rich

3h | Videos

Most Read

1
Padma Bridge from satellite. Photo: Screengrab
Bangladesh

Padma Bridge from satellite 

2
Meet the man behind 'Azke amar mon balo nei'
Splash

Meet the man behind 'Azke amar mon balo nei'

3
TBS Illustration
Education

Universities may launch online classes again after Eid

4
Photo: TBS
Bangladesh

Motorcycles banned on Padma Bridge 

5
Photo: Collected
Economy

Tech startup ShopUp bags $65m in Series B4 funding

6
World Bank to give Bangladesh $18b IDA loans in next five years
Economy

World Bank to give Bangladesh $18b IDA loans in next five years

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2022
The Business Standard All rights reserved
Technical Partner: RSI Lab
BENEATH THE SURFACE
Launch operators on various river routes see a steep drop in passengers after the opening of the the Padma Bridge. Photo: TBS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net