Dhaka Bank arranges Tk 9000m for Bashundra oil, gas firm

“Financial Closure Ceremony” of the Syndicated Term Facility of BDT 9,000.00 million for Bashundhara Oil and Gas Company Limited was held recently at a hotel in the capital, says a press release.
The plant, located at Keranigonj, Dhaka has annual capacity of 1,700,000 MT. It  produces Bitumen as the main product and Diesel, Furnace Oil,  and Naptha as joint products.
The economy and the people of the country will be immensely benefited with the development of such industries that substitute import and save foreign currency, said the participants of the Financial Closure Ceremony.
Dhaka Bank Limited is acting as the ‘Lead Arranger’ and ‘Agent’ of this transaction where Southeast Bank Limited, Dhaka Bank Limited, Social Islami Bank Limited, NRB Bank Limited, South Bangla Agriculture and Commerce (‘SBAC’) Bank Limited and Saudi-Bangladesh Industrial and Agricultural Investment Company (‘SABINCO’) Limited are the participants.
Emranul Huq, Managing Director and CEO of Dhaka Bank Limited; M. Kamal Hossain, Managing Director of Southeast Bank Limited; Zafar Alam, Managing Director and CEO of Social Islami Bank Limited; Mamoon Mahmood Shah, Managing Director and CEO of NRB Bank Limited; Habibur Rahman, Managing Director and CEO (Current Charge) of SBAC Bank Limited and Ahmed Ehsanul Karim, Managing Director of SABINCO Limited attended the programme.
Ahmed Akbar Sobhan, Chairman of Bashundhara Group and Sayem Sobhan Anvir, Managing Director of Bashundhara Oil and Gas Company Limited along with other senior officials of the respective organizations were also present in the program.

Source: observerbd