Dhaka Bank arranges syndicated loan facility for Bashundhara Oil
Sunday, 16 October 2022
The financial closure ceremony of a syndicated term loan facility of Tk 9,000 million for Bashundhara Oil and Gas Company Limited was held recently at a hotel in the capital, says a statement.
Dhaka Bank Limited is acting as the 'Lead Arranger' and 'Agent' of this transaction where Southeast Bank Limited, Dhaka Bank Limited, Social Islami Bank Limited, NRB Bank Limited, South Bangla Agriculture & Commerce (SBAC) Bank Limited and Saudi-Bangladesh Industrial & Agricultural Investment Company (SABINCO) Limited are the participants.
Located in Keraniganj, Dhaka, the plant produces bitumen as the main product and diesel, furnace oil and naptha as joint products. It has an annual capacity of 1,700,000 MT.
The economy and the people of the country will be immensely benefited with the development of such industries that substitute import and save foreign currency, said the participants at the financial closure ceremony.
Emranul Huq, Managing Director & CEO of Dhaka Bank, M Kamal Hossain, Managing Director of Southeast Bank, Zafar Alam, Managing Director & CEO of Social Islami Bank, Mamoon Mahmood Shah, Managing Director & CEO of NRB Bank, Habibur Rahman, Managing Director & CEO (Current Charge) of SBAC Bank, and Ahmed Ehsanul Karim, Managing Director of SABINCO, attended the programme.
Ahmed Akbar Sobhan, Chairman of Bashundhara Group, and Sayem Sobhan Anvir, Managing Director of Bashundhara Oil and Gas Company Limited, were also present at the event.