Investment Corporation of Bangladesh has announced to raise BDT 20 billion (USD 235.08 million) in a private placement of non-convertible bonds with a 7 year tenor. The face value of ICB's bonds will be BDT 10 million (USD 0.11 million) each. ICB capital management Limited is the trustee and Alfa Capital Management and Roots Investment Ltd. are the mandated lead arranger of the ICB's bond.