City Bank has successfully closed syndicated term loan arrangement of Tk 2.34 billion for Far East Spinning Industries. City Bank has served as the mandated arranger, agent and participating lender for the transaction. Dhaka Bank and Eastern Bank were also participants in the syndication. The transaction was also bilaterally supported by Bangladesh Infrastructure Finance Fund Limited (BIFFL). The financing will be used to support Far East Spinning Industries' ongoing expansion project, which is expected to add 28,500 spindles to the company's production capacity. The transaction closing ceremony was held on June 11 in Dhaka and was attended by Mashrur Arefin, MD& CEO of City Bank, Osman Ershad Faiz, MD & CEO of Dhaka Bank, Hasan O. Rashid, MD & CEO of Eastern Bank and Anisuzzaman Chowdhury, CEO, BIFFL, among others.
CITY BANK ARRANGES SYNDICATED FINANCING FOR FAR EAST SPINNING INDUSTRIES
FE Team | Published: June 17, 2026 21:59:29
CITY BANK ARRANGES SYNDICATED FINANCING FOR FAR EAST SPINNING INDUSTRIES
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