Bangladesh’s first Green Sukuk Bond, floated to raise $400 million to fund 230 MW of solar power generation, made its trading debut on the Dhaka and Chittagong stock exchanges on Thursday.

On the first trading day the Tk 100 (US$1.16) per unit priced bond received commendable response from the investors and traded between Tk 99.50 and Tk 110 and finally closed at Tk 101 at the Dhaka Stock Exchange and at Tk 104 at the Chittagong Stock Exchange.

With the funds raised by issuing green bonds, local conglomerate Beximco Group is financing two solar PV power plants: the 200 MW Teesta Solar Limited in Rangpur district and the 30 MW Korotoa Solar Limited in Panchagarh district — both located in the northern part of the country.

Its Chinese partners, TBEA Xinjiang Sunoasis Co. Limited and Jiangsu Zhongtian Technology Co. Limited, are also investing in the projects.