Lenders visit Star Ceramics project site
Monday, 18 May 2015
Prime Bank Limited as lead arranger & agent of the syndication finance of Star Ceramics Ltd arranged a lenders' visit programme to the project site at Habigonj recently. Senior executives of participating lenders i.e. Mutual Trust Bank, Trust Bank, The City Bank, Mercantile Bank, NCC Bank, SABINCO, ONE Bank, Meghna Bank and Prime Bank were present on the occasion.
Prime Bank Limited, as lead Arranger and Agent, raised Syndicated Term Loan of BDT 3960 million in 2013 where 9 banks/financial institutions took part in the syndication loan to implement the ceramic tiles and sanitary ware manufacturing project of Star Ceramics Limited.
Star Ceramics Ltd. Bangladesh plant started the commercial operation of tiles from 1st January, 2013.
"The strength of Star Ceramics has been established with innovation to meet market expectations with new designs & products catered to the various markets," said a statement.