IPO: Rangpur Dairy & Food Products Ltd (Subscription Open: 11.09.11, Close: 15.09.11) ** Zahintex Industries Ltd (Subscription Open: 18.09.11, Close: 22.09.11) *** AB Bank first Mutual Fund (Subscription Open: 25.09.11, Close: 29.09.11)****Bangladesh Shipping Corporation - RPO (Subscription Open: 09.10.11, Close: 13.10.11)*****First Bangladesh Fixed Income Fund (Subscription Open: 16.10.11, Close: 20.10.11) Right Share:*Federal Insurance Company Ltd(Subscription Period 05.09.2011 to 03.10.2011) Ratio of Rights Issue 2R : 1, Issue Price BDT 10;** International Leasing & Financial Services Ltd(Subscription Period 06.09.2011 to 02.10.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100;*** United Airways (BD) Ltd (Subscription Period 22.09.2011 to 13.10.2011) Ratio of Rights Issue 1R : 1,Issue Price BDT 15;****Bank Asia Ltd(Subscription Period 12.10.2011 to 10.11.2011) Ratio of Rights Issue 1R : 4, Issue Price BDT 100;*****Lafarge Surma Cement Ltd (Subscription Period 19.10.2011 to 13.11.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100, Record date : 03.10.2011;******Premier Leasing & Finance Ltd (Subscription Period 26.10.2011 to 22.11.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100, Record date : 10.10.2011;

Sale of Bangladesh Fund units begins today

The much-awaited Bangladesh Fund, the country's largest ever open-ended mutual fund, is going to start its unit sale operation from today (Monday).
The officials of the state-owned Investment Corporation of Bangladesh (ICB), the leading sponsor of the Fund, said Finance Minister AMA Muhith will formally inaugurate the sale operation of the units of Tk 50 billion Bangladesh Fund at a city hotel at 4pm today.

The other sponsors are: Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, Bangladesh Development Bank, Sadharan Bima Corporation and Jibon Bima Corporation.
The ICB sources said the finance minister is likely to start the sale operation of the units through the possible purchase by private commercial banks.
Finance Secretary Dr Mohammad Tariq, Securities and Exchange Commission (SEC) Chairman Professor M Khairul Hossain, ICB Managing Director Md Fayekuzzaman and managing directors of seven other sponsors are expected to attend the opening ceremony.
The ICB and other sponsors took an initiative on March 6 this year to launch the country's largest ever open-ended mutualfund to support the fund-stricken stock market.
They also termed Bangladesh Fund as "contingency fund".The sponsors have already contributed Tk 15 billion to the fund and the rest Tk 35 billion will be collected by selling units to individuals and institutions.

Source: Financial Express (October 10, 2011).

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