Syndicated credit facility for Toma Construction

Thursday, 28 March 2019

A signing ceremony of Syndicated Credit Facilities of BDT 5500 million recently has been executed between Toma Construction & Co. Limited and three Banks at a local hotel, Dhaka where United Commercial Bank Limited (UCB) acted as Lead Arranger and Prime Bank Limited acted as Co-Arranger for raising BDT 5500.00 million in favour of Toma Construction & Co. Limited for construction of New Dual Gauge Single Railway Line from Dohazari to Cox's Bazar. Bank Asia Limited was one of the participating financiers in this syndicated deal. In the signing ceremony, Mr. Mohammed Shawkat Jamil, Managing Director of United Commercial Bank Limited; Mr. Mohd. Ataur Rahman Bhuiyan, Chairman & Managing Director of Toma Group; Mr. Md. Arfan Ali, President & Managing Director of Bank Asia Ltd; Mr. Mohammad Mamdudur Rashid, Additional Managing Director of UCB and Mr. Shahbaj Talat, Team Head of C&IB, Prime Bank Limited; and Engr. Mukitur Rahman, Deputy Managing Director and M Abul Hashem, Director Finance of Toma Group, were present.
— Statement