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Since 1996, AAA has been providing Issue Management services to a number of the second generation and third generation financial institutions. So far, AAA has arranged equity funding for the listed financial institution amounting to BDT 40,539.88 million which is equivalent to USD 488.43 million. Southeast Bank, BRAC Bank, Al-Arafah Islami Bank, Exim Bank, Mercantile Bank, Social Islami Bank, Trust Bank, Standard Bank are some regular clients of AAA. There are 30 Banks listed with the stock exchange. BSEC was formed and started giving permission for listing since 1993. Since then, 20 banks are given permission for capital raising in different phases. Among those, 13 banks are regular clients of AAA for IPO, Rights Issue and Bond Issue.
AAA has provided investment banking services through issue management to both life insurance and general insurance companies. Asia Insurance, Asia Pacific General Insurance, BGIC, Continental insurance, Dhaka Insurance, City General, Eastern Insurance, Paramount Insurance, Peoples Insurance, Rupali Insurance and Eastland Insurance are the main clients under general insurance category. Popular Life Insurance and Pragati Life Insurance are the main clients under the life insurance category. So far, AAA has arranged BDT 4,005.12 million which is equivalent to USD 48.25 million from the capital market of Bangladesh.
Other than Bank and Financial institutions, Leasing and Investment companies, are prevailing in the NBFI’s category. AAA has arranged BDT 6,693.33 million form the capital market in the form of IPO and Rights issue which is equivalent to USD 80.64 million. Bay Leasing & Investment Ltd, FAS Finance & Investment, Islamic Finance and Investment Ltd., IPDC Finance Ltd., Lanka Bangla Finance, National Housing Finance and Investments, Uttara Finance and Investments Ltd. are major clients of AAA. There are 23 Non-Banking FIs listed with the stock exchange. Among those, 9 NBFIs are regular clients of AAA for IPO, Rights Issue and Bond Issue.
Besides the service industry, AAA has a contribution to Power and Engineering sector. Khulna Power Company Limited was one of the milestone projects for AAA as it was the first private sector company under the category for offloading its share through the Direct listing. Promoters of KPCL raised BDT 8,448.00 million (USD 101.78 million) through offloading of 10% of capital. Shahjibazar Power Company Ltd. was another milestone project of AAA.
In Bangladesh, the textile sector has the maximum contribution for generating foreign currency through export proceeds. AAA also focuses on this sector and arranges fund to boost up the economic growth. The main clients of AAA in this sector are Zahintex Industries Limited, Dragon Sweater & Spinning Mills Ltd., Maksons Spinning Mills Limited, R.N. Spinning Mills Limited, Sonargaon Textiles Limited.