Bond issuers have until 30 November to apply for main-board listing if their regulatory approval required them to list on the Alternative Trading Board (ATB), but they have yet to do so.
The Bangladesh Securities and Exchange Commission (BSEC) also directed stock exchanges to arrange the transfer of bonds already listed on the ATB to their main boards by the same deadline.
The decisions were taken at the BSEC’s commission meeting on Tuesday.
The deadline covers bonds whose consent letters specified ATB listing but which have not yet been listed there.
Their issuing companies must apply to the relevant stock exchanges for listing on the main boards by 30 November.
For bonds already traded on the ATB, the exchanges must take the necessary steps to transfer or list them on their main boards, following existing listing regulations and applicable requirements.
The move is intended to build a vibrant secondary market for bonds.
