The Issue Management Team is capable of devising innovative solution for raising capital - debt and equity - from the market suiting the unique needs and constraints of the corporate clients. Issue Management services of Merchant Banking Division include Public Issue Management of Initial Public Offering, Repeat Public Offering, Bond Issuance, Rights Share Offering, Corporate Advisory Service in various matters. The team is staffed with some of the most qualified, experienced and innovative personnel in the sector to offer corporate clients the best solution in terms of managing public offers.

Scope of Work as Issue Manager

• Review valuation of the organization to justify issue price
• Review VAT / TAX / CIB status of the company and its directors
• Review previous audited and current management accounts
• Company's business appraisal and due diligence visits
• Long-term performance objective and factors that could adversely affect on achieving target
• Meeting with top management of the Issuer Company
• Analyzing Financial Ratios, Business Strategies and other indicators
• Review legal and regulatory issues
• Compliance of regulatory issues

Issue Management Experience

Issue	Issue Size	Year of issuance
Bank Asia Ltd. (co-manager)	BDT 300M	2003
Berger Paints Bangladesh Ltd.	BDT 139M	2005
Marico Bangladesh Ltd. (Joint manager)	BDT283M	2009
RAK Ceramics Bangladesh Ltd. (Lead issue manager)	BDT 1200M (tentative)	2010 (expected)
Vantage Electrical & Electronics Ltd.	BDT 100M	2010 (expected)
LR Global Bangladesh Asset Management Co. Mutual Fund 1	BDT 3,000 M	2010 (expected)
BRAC Bank Limited (Issuance of Subordinated Convertible Bonds)	BDT 3,000 M	2010 (expected)

Additionally a number of IPO deals are under negotiation.

Scope of Work as Underwriter

• Review valuation of the company to justify issue price
• Review previous audited and current management accounts
• Company's business appraisal and due diligence visits
• Meeting with top management of the Company
• Analyzing Financial Ratios and other indicators

Underwriting Experience

2005	Nature of Underwriting	Tk In Million
Premier Leasing	IPO	2.775
Pragati Life Insurance	IPO	1
Jamuna Bank	IPO	10.8
Berger Paints	IPO	36.15
Eastland Insurance	Rights	12
Dhaka Bank	Rights	47.5
		110.225

2006	Nature of Underwriting	Tk In Million
BRAC Bank	IPO	42.5
LankaBangla Finance	IPO	2.5
S. Alam Cold Rolled Steels	IPO	5
InTech Online	Rights	5.0
Southeast Bank	Rights	250
Uttara Finance & Invesment Ltd.	Rights	22.5
		327.5

2007	Nature of Underwriting	Tk In Million
Pheonix Finance & Investment	IPO	3
Paramount Insurance	IPO	9
Islami Bank Bangladesh Limited Mudaraba Perpetual Bond	RPO	50
		62

2008	Nature of Underwriting	Tk In Million
Summit Alliance Port Limited	IPO	15
Dacca Dyeing & Manufacturing Company Limited	IPO	10
		25

2009	Nature of Underwriting	Tk In Million
Marico Bangladesh Limited	IPO	44
Grameenphone Limited	IPO	224
Golden Son Limited	RPO	25
Crystal Insurance Company Limited	IPO	5
Beacon Pharmaceuticals Limited	IPO	20
RAK Ceramics Bangladesh Ltd.	IPO	75
Vantage Electrical & Electronics Ltd	IPO	15
		408