BSEC approves Bangladesh’s first 'Orange Bond' worth Tk158.5cr

The Bangladesh Securities and Exchange Commission (BSEC) has approved the issuance of the country’s first “Orange Bond,” valued at Tk 158.5 crore, aimed at promoting women’s empowerment and gender equality through the Sajeda Foundation.

The zero-coupon bond, issued via BRAC EPL Investments Limited in partnership with Singapore-based Impact Investment Exchange, will be sold at a discount and marks a milestone in the development of Bangladesh’s capital market.

The Orange Bond is designed as a specialised impact investment to fund initiatives for women, girls, gender minorities, and climate-resilient projects. Funds raised will be allocated as follows: 48% to food security and agriculture, 32% to women-led SMEs, and 20% to climate-resilient housing across 36 districts.

Investors will benefit from tax-free financial returns while contributing to measurable social impact. Annual independent reporting will verify outcomes and ensure transparency.

BRAC EPL noted that the bond introduces Bangladesh’s first impact-linked fixed-income asset, expanding the market beyond government securities and bank subordinated debt. It is expected to advance inclusive, sustainable, and capital market-based development financing.