Bank Asia as Lead Arranger & Agent arranges syndicated term loan for Bashundhara

POST TIME: 19 September, 2020 06:12:09 PM / LAST MODIFIED: 19 September, 2020 06:12:47 PM

Staff Reporter, Dhaka

Bank Asia as Lead Arranger & Agent arranges syndicated term loan for Bashundhara

Bank Asia Limited as Lead Arranger & Agent arranged Syndicated Term Loan of Tk. 7,000 million for Bashundhara Industrial Complex Limited. Photo: Courtesy

Bank Asia Limited as Lead Arranger & Agent arranged a Syndicated Term Loan of Tk 7,000 million for Bashundhara Industrial Complex Limited, said a press release.

Bank Asia Limited arranged a signing ceremony in this regard at Le Méridien Dhaka on Thursday.

Sayem Sobhan, managing director of Bashundhara Group, and Arfan Ali, president and managing director of Bank Asia Ltd, along with chief executive officers from the participating lenders signed the agreement on behalf of their respective organisations.

Among others, high officials of Bashundhara Group and senior executives of the participating lenders were also present on the occasion. Banks which have participated in this syndicated deal are Bank Asia Ltd, Dhaka Bank Ltd, First Security Islami Bank Ltd, Pubali Bank Ltd, Social Islami Bank Ltd and UCB.