Dhaka, Nov. 3 -- Bangladesh Bank has eased regulations governing the issuance of preference shares, their conversion into ordinary shares, redemption, and dividend repatriation for non-resident investors in Bangladeshi companies.

The Foreign Exchange Investment Department (FEID) of the central bank issued a circular on Tuesday, clarifying the procedural requirements for issuing companies, non-resident investors, and authorised dealer (AD) banks.

Under the new directives, Bangladeshi companies can now issue preference shares to non-resident investors at a dividend rate of up to 5 percent without prior approval from Bangladesh Bank.

Following the issuance, the respective companies are required to submit a report to the FEID.

However, if...