Business conglomerate BEXIMCO or the Bangladesh Export Import Company Limited has taken steps to settle its liability to investors against its three debentures — the three debentures are BEXIMCO Textiles Limited, BEXIMCO Denims Limited and BEXIMCO Synthetics Limited — as per an instruction of the Bangladesh Securities and Exchange Commission (BSEC). According to media reports, on 24 May (Monday), Investment Corporation of Bangladesh or ICB, which is the trustee of the debentures, reportedly, issued a notification regarding the settlement even as it asked the debenture holders to place their claims, including capital and interest, to the investment corporation by 5 June 2021. It may be mentioned here that debenture is a debt instrument which allows the company to collect the face value of the debentures from the lenders even as the company is liable to pay a specific interest on the face value every year while it (company) is also bound to pay the face value to the lenders after the validity expires.
