Esquire Knit gets term loans
Saturday, 10 November 2007
FE Report
The German Investment and Development (DEG) Company has extended a long term loan of US$ 7.5 million (75 lakh) to Esquire Knit Composite Ltd (EKCL), a member of Esquire Group, for expansion of its knit composite unit at Kanchpur under Sonargaon in Narayanganj.
Eastern Bank Ltd (EBL) has arranged the term loan facility from the DEG and the term loan syndication facility worth Tk 210 million from EBL and Dutch-Bangla Bank Ltd (DBBL) for the EKCL. The agreements in this connection were signed at a ceremony held in the city recently.
Esquire Group Chairman Md Mofazzal Hossain and DBBL Managing Director Md Yeasin Ali were also present on the occasion.
The German Investment and Development (DEG) Company has extended a long term loan of US$ 7.5 million (75 lakh) to Esquire Knit Composite Ltd (EKCL), a member of Esquire Group, for expansion of its knit composite unit at Kanchpur under Sonargaon in Narayanganj.
Eastern Bank Ltd (EBL) has arranged the term loan facility from the DEG and the term loan syndication facility worth Tk 210 million from EBL and Dutch-Bangla Bank Ltd (DBBL) for the EKCL. The agreements in this connection were signed at a ceremony held in the city recently.
Esquire Group Chairman Md Mofazzal Hossain and DBBL Managing Director Md Yeasin Ali were also present on the occasion.