Bangladesh, Nov. 6 -- Beximco Green-Sukuk bonds will mature in December, but the trustee is struggling to arrange funds to repay the principal, while the regulator has shown reluctance to extend the maturity, leaving investors in limbo.

Advertisement According to the Investment Corporation of Bangladesh (ICB), the trustee of the instrument, it has only Tk 5.68 billion in the account while the aggregate amount payable is Tk 28.09 billion. There is no way to bridge the gap by December.

That makes an extension of the maturity period inevitable.

But the securities regulator said it would not allow any time extension until the lands of the projects built with the bond money are handed over to the SPV (Special Purpose Vehicle), a separate l...