EBL arranges Tk 1.0b for Epyllion through preference shares

Eastern Bank Ltd (EBL) has raised BDT 1.0 billion through preference shares for Epyllion Style Ltd, a flagship concern of Epyllion Group, an apparel manufacturer in Bangladesh. EBL is actively working for alternative source of financing through capital market products for the leading corporates in Bangladesh. A deal closing ceremony was held in Dhaka on Thursday. EBL worked as the mandated lead arranger, agent and investor for the deal, while Trust Bank Ltd and Lanka Bangla Finance Ltd participated as the investors. EBL MD and CEO Ali Reza Iftekhar extended appreciation to Epyllion Chairman for the long standing relationship between the two organizations and for mandating the preference shares deal. He also extended thanks to the investors for their ardent support. He further stated that bankers should work with alternative investment and capital market products, innovative ideas, use of digital landscape and promote sustainable finance. Reaz Uddin Al Mamoon, Chairman, Epyllion Group, extended sincere thanks to EBL for successful arrangement of funds in due time.
— Statement