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27
Nov

GNFL to issue Tk 2.0b bond

The Board of Directors of Generation Next Fashions Limited (GNFL) has intended to issue Non-convertible redeemable subordinated bond of Tk 2.0 billion (200.00 crore) for 7 years, for capital investment for its business expansion, strengthening the production facilities and settle up the existing high cost debt.

The decision has come subject to the approval of Bangladesh Securities and Exchange Commission (BSEC), shareholders in the 13th annual general meeting (AGM) and other regulatory authorities.

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