EBL arranges syndication loan for Bangla Trac

Eastern Bank Limited (EBL) as the lead arranger and agent has arranged a syndication term loan of Tk 4,656 million for Bangla Trac Power Unit-2 Limited, one of the sister concerns of Bangla Trac Group. The 100 MW HSD Power Plant at Noapara, Jashore has been in commercial operation since April, 2018. The other participating lenders are Bangladesh Infrastructure Finance Fund Limited, Saudi-Bangladesh Industrial and Agricultural Investment Company Limited (SABINCO), Rupali Bank Limited and Shahjalal Islami Bank Limited. A deal closing ceremony was held at a city hotel recently. — Statement