DHAKA BANK PARTICIPATES IN SYNDICATED FINANCING TO SM SPINNING MILLS
Dhaka Bank Limited has participated in a Syndicated Financing of USD 34.28 million (Equivalent to BDT 2,678.98 million) in favour of SM Spinning Mills Limited, a concern of SM Group. The company has taken initiative to produce best quality yarn to cater to needs of export oriented knitting and textile mills by using most advanced ring spinning technology. Eastern Bank Limited (EBL) as mandated Lead Arranger & Agent have arranged the Syndicated deal. To commemorate the remarkable deal, a closing ceremony was organized at The Westin, Dhaka on November 19, 2014. Mr. Niaz Habib, Managing Director and Mr. Emranul Huq, Deputy Managing Director from Dhaka Bank , representatives from participating institutions and the client were present in the event.
ABOUT DHAKA BANK
Dhaka Bank has truly cherished and brought into focus the heritage and history of Dhaka and Bangladesh from Mughal outpost to modern metropolis. Most of its presentation, publications, brand initiatives, delivery channels, calendars and financial manifestations bear Bank’s commitment to this attachment.