| IDCOL has invested BDT 1,000 million in issuance of senior, secured and coupon bearing bonds by Orascom Telecom Bangladesh Limited (OTBL) with an aggregate value of up to 4,250 million on a private placement basis to the potential domestic institutional investors in Bangladesh for terms up to 4 and a half years. OTBL expects to expand and upgrade its network coverage and telecommunication services continually and has a plan of capital investments of BDT 52,992 million over next three years. As part of its 2009-10 capital expenditure plan, OTBL targeted to issue the bonds to raise the required fund to support its network expansion.
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