Banglalink needs no sovereign curve for debut

bangladesh_flag_230px
By Virginia Furness
30 Apr 2014

It is the first international bond issuer from Bangladesh, but Banglalink Digital Communications faced more than the usual debutant challenges in its deal last Friday, writes Virginia Furness.

Not only did bookrunner Citi have to navigate challenging bureaucracy to develop a framework for international corporate issuance from the country, but it had to convince investors to take on risk from a market that had never before been tested — not even by the sovereign.

But even ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial