Govt to raise Tk 2,500 crore through sukuk
The government is set to raise Tk 2,500 crore through the issuance of another shariah-based sukuk bond soon, for the development of rural roads in 20 upazilas across three south-eastern coastal districts, the Bangladesh Bank (BB) said in a press release today.
The funds will be used for the Important Rural Infrastructure Development Project for Noakhali, Feni, and Lakshmipur districts (IRIDPNFL).
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The implementation of the project will help reduce transport costs and time, create employment opportunities, improve the standard of living, and facilitate rural economic growth, according to the BB.
The government first issued sukuk in December 2020 to raise Tk 8,000 crore for the implementation of a safe water supply project across the country.
So far, the government has raised Tk 24,000 crore by issuing six sukuk bonds.
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