ADN Telecom, The City Bank , and City Bank Capital announced a syndicated loan arrangement
Monday, 8 May 2023
ADN Telecom Limited, The City Bank Limited, and City Bank Capital have announced a syndicated loan arrangement for building construction and business expansion, amounting to Tk 1,200 million. The syndicated loan will be used to fund ADN Telecom Limited's new building construction and business expansion plans, and it will be jointly arranged by The City Bank Limited and City Bank Capital. The loan agreement was signed by Chairman of ADN Telecom Limited Asif Mahmood, CEO of City Bank Capital Ershad Hossain and Head of Structured Finance of The City Bank Limited Mahbub Jamil.