Bangladesh Export Import Company Limited has informed that the Board of Directors of the company in its meeting held on March 10, 2024 took the following decisions: The Board of Directors has considered and approved the initiation of the process of issuance of "Beximco 1st Zero Coupon Bond" for BDT 15,000,000,000 for the purpose of repayment of existing loans of the Company and for investment with Sreepur Township Limited as Joint Venture partner for development of "Mayanagar" a mixed use, multipurpose affordable real estate project. Subject to the approval of Bangladesh Securities and Exchange Commission (BSEC), the Board of Directors have further considered and approved the terms and conditions of "Beximco 1st Zero Coupon Bond" as follows: Name of the Issue: Beximco 1st Zero Coupon Bond ("Beximco 1st ZCB"), Issuer: Bangladesh Export Import Company Limited, Type of Instruments to be issued: Secured, Redeemable Non-Convertible, Non-Tradable Zero Coupon Bond, Issue Size: BDT 15,000,000,000 and Discount rate: 15.00% p.a.