49 min
Episode 4: The State of Bond Market of Bangladesh Finance School by PFS
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- Education
My guest in Episode 4 is Mr. Shahriar Azad Shashi who is currently working as Fund Manager at LankaBangla Securities Limited. He is a CFA level 3 candidate in December 2020. He completed his BBA in Finance from the University of Dhaka which is my Alma Mater also. He has also done his MBA from IBA, University of Dhaka. Prior to working at LBSL he worked at BRAC EPL Stock Brokerage, LankaBangla Investments Limited, EBL Securities Limited, and Royal Capital Limited. He discussed the following issues of Bond Market.
You have written a newspaper article on The Business Standard on the Bond Market in Bangladesh. Can you first talk about the Basics of Bond? Like what is a bond and how does it differ from equity?
So, you said that A bond is a very beneficial instrument for both the issuer and the investor. Can you first discuss from the supply side perspective? Why is bond important for the issuer?
So, we have banks who can lend. In fact, we have many banks and NBFIs that are lending to different companies. They can lend to different companies. Why will they go for issuing bonds? What is the incentive for them?
Thanks for your explanation. You have also talked about the demand side. So, how bond as an asset class is beneficial to investors? From an investor's point of view, why is having a vibrant bond market important?
You have talked about the government's borrowing from the banking sector. And it is likely to increase and the government just announced the budget proposal for the 2020-21 fiscal year. Can you briefly discuss the deficit financing plan?
You have said that the corporate bond market is non-existent. Can you describe the corporate bond market?
You have also discussed attracting foreign investors in the bond market. Can you explain your thoughts?
You also discussed creating a new category of mutual funds that can be created in the country, which will invest in that type of bond. Can you elaborate on that?
So, what are the problems that are not encouraging both the demand and supply-side participants to come forward in issuing and investing in bonds? What can be done to improve it?
So, under the current scenario, if anyone wants to invest in bonds, how can they buy bonds?
The last question is regarding a career in Finance: What do you suggest to a young grad who is preparing oneself for a career in Finance in Bangladesh? Or to anyone who wants to change their industry in favor of the financial services industry?
My guest in Episode 4 is Mr. Shahriar Azad Shashi who is currently working as Fund Manager at LankaBangla Securities Limited. He is a CFA level 3 candidate in December 2020. He completed his BBA in Finance from the University of Dhaka which is my Alma Mater also. He has also done his MBA from IBA, University of Dhaka. Prior to working at LBSL he worked at BRAC EPL Stock Brokerage, LankaBangla Investments Limited, EBL Securities Limited, and Royal Capital Limited. He discussed the following issues of Bond Market.
You have written a newspaper article on The Business Standard on the Bond Market in Bangladesh. Can you first talk about the Basics of Bond? Like what is a bond and how does it differ from equity?
So, you said that A bond is a very beneficial instrument for both the issuer and the investor. Can you first discuss from the supply side perspective? Why is bond important for the issuer?
So, we have banks who can lend. In fact, we have many banks and NBFIs that are lending to different companies. They can lend to different companies. Why will they go for issuing bonds? What is the incentive for them?
Thanks for your explanation. You have also talked about the demand side. So, how bond as an asset class is beneficial to investors? From an investor's point of view, why is having a vibrant bond market important?
You have talked about the government's borrowing from the banking sector. And it is likely to increase and the government just announced the budget proposal for the 2020-21 fiscal year. Can you briefly discuss the deficit financing plan?
You have said that the corporate bond market is non-existent. Can you describe the corporate bond market?
You have also discussed attracting foreign investors in the bond market. Can you explain your thoughts?
You also discussed creating a new category of mutual funds that can be created in the country, which will invest in that type of bond. Can you elaborate on that?
So, what are the problems that are not encouraging both the demand and supply-side participants to come forward in issuing and investing in bonds? What can be done to improve it?
So, under the current scenario, if anyone wants to invest in bonds, how can they buy bonds?
The last question is regarding a career in Finance: What do you suggest to a young grad who is preparing oneself for a career in Finance in Bangladesh? Or to anyone who wants to change their industry in favor of the financial services industry?
49 min