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03 October 2022

Business Insider Bangladesh

Golden Jubilee Mutual Fund’s IPO subscription opens Aug 17

BI Report || BusinessInsider

Published: 17:20, 15 August 2022  
Golden Jubilee Mutual Fund’s IPO subscription opens Aug 17

Representational collected image

The subscription of the initial public offering (IPO) of new closed-end mutual fund named —'ICB AMCL CMSF Golden Jubilee Mutual Fund' will open on August 17 and continue till August 24, according to the Dhaka Stock Exchange sources.

Earlier, on June 28, the Bangladesh Securities and Exchange Commission (BSEC) approved the prospectus of this fund.

The total size of the ICB AMCL CMSF Golden Jubilee Fund is Tk 100 crore.

Capital Market Stabilisation Fund (CMSF) is the sponsor of the closed-end fund, while ICB Asset Management Limited (ICB AMCL) is the fund manager.

Note that, CMSF has provided Tk 50 crore and ICB AMCL has contributed Tk 20 crore to the fund.

Besides, state-owned investment firm Investment Corporation of Bangladesh (ICB) has bought units worth Tk 5 crore in private placement. The remaining Tk 25 crore of units are reserved for general investors.

ICB Asset Management Limited will be in charge of the asset management of the fund.

Bangladesh General Insurance Company Limited will act as trustee and BRAC Bank Limited will act as custodian.

Monetary Policy Stance
Budget 2020-21