Envoy Textiles Limited announced that the Board of Directors has decided to issue a 5 year series Zero Coupon Bond with face value of BDT 1,500.00 million at a discounted value of BDT 1,224.24 million through private placement to the potential investors subject to approval of Bangladesh Securities Exchange Commission for Capital Investment in strengthening the production facilities and for settle up the existing high cost debt. The said Zero Coupon Bond shall be redeemable, non-convertible in nature with a discount rate of 7.75% and to be issued in series with maturities starting from 6 months to 5 years. An Investor will have to subscribe across all 10 tenures (each semiannual periods) proportionately. Repayment of Bond shall be started from the end of 6th month from the closing date and be redeemed in 10 semiannual tranches.