ONE Bank arranges Tk 1.16b for Crown Cement
Thursday, 13 May 2010
ONE Bank Limited, a leading commercial bank, has recently arranged Tk 1.16 billion under syndication for MI Cement Factory Limited, manufacturer of Crown Cement.
The fund will be utilised for expansion of production capacity of Crown Cement from existing 2800 tonnes per day to 5800 tonnes per day to meet the growing demand of the market.
Beside ONE Bank, the participants for the syndicated tern loan facility were Bank Asia, Dutch-Bangla Bank, Eastern Bank, Jamuna Bank, Mutual Trust Bank, National Bank, Prime Bank, SABINCO, Shahjalal Islami Bank and United Commercial Bank.
The fund will be utilised for expansion of production capacity of Crown Cement from existing 2800 tonnes per day to 5800 tonnes per day to meet the growing demand of the market.
Beside ONE Bank, the participants for the syndicated tern loan facility were Bank Asia, Dutch-Bangla Bank, Eastern Bank, Jamuna Bank, Mutual Trust Bank, National Bank, Prime Bank, SABINCO, Shahjalal Islami Bank and United Commercial Bank.