21st February 2024
EP Report
The government is going to issue bonds worth Tk5,665 crore to 24 more banks to repay the outstanding debts of private power companies.
The Ministry of Finance signed a memorandum of understanding (MoU) with the banks and independent power producers to this effect recently.
A letter will now be sent to the Bangladesh Bank for bond issuance in favor of these banks. The central bank will issue the bonds to the banks in phases, he added.
The government on 24 January issued bonds for the first time to repay the dues of private power companies. The finance ministry then issued bonds worth over Tk2,000 crore to two banks.
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