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Beximco's Sukuk bond IPO subscription for 7.5 billion Taka received bids worth only 0.6 billion Taka. Investors simply aren't interested in Beximco's bond. What is

Beximco's Sukuk bond IPO subscription for 7.5 billion Taka received bids worth only 0.6 billion Taka. Investors simply aren't interested in Beximco's bond. What is a bond? Why would a well-known organization like Beximco try to sell bonds instead of selling more shares? Why would an organization like Beximco want to issue bonds instead of taking a bank loan?

Note: Please answer using concepts of finance. A sincere answer would be rated positive.

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