Dhaka, May 17 -- Techno Drugs Ltd. approved the issuance of a convertible, redeemable bond at its 196th Board Meeting, held on May 14, 2026.

The issuance remains subject to shareholders' and regulatory approval. The company was listed on the capital market in 2024 and raised BDT 1,000.0 mn through the book-building method. MTB Capital Ltd and Techno Drugs Ltd have signed a partnership agreement to facilitate the issuance of the convertible bond, according to a press release.

Techno Drugs Ltd aims to raise BDT 500.0 mn through a convertible, redeemable, coupon-paying bond. The bond will comprise a 75% convertible portion and a 25% redeemable portion. The coupon rate will be a floating rate, structured as the 5-year treasury bond rate plu...