DHAKA BANK SIGNS TERM SHEET WITH MAHMUD FABRIC’S & FINISHING LIMITED
Dhaka Bank Limited signed a Term Sheet with Mahmud Fabric’s & Finishing Limited (MFFL) – a concern of Mahmud Group, regarding the arrangement of a Syndicated Term Loan for USD 26.00 million and BDT 460.77 million on December 23, 2015. Dhaka Bank Limited is the mandated Lead Arranger and Agent Bank for the syndication financing. Mahmud Fabric’s & Finishing Limited is a LEED certified 100% export oriented woven fabrics manufacturing factory to be set up at Kaliakoir, Gazipur with an approximate project cost of BDT 3,842.82 million, to be financed at a debt equity ratio of 69:31. Mr. Saif Uddin Mahmood is the Chairman and Mr. AKM Aminul Islam is the Managing Director of the company. Mr. AKM Aminul Islam, Managing Director of MFFL and Mr. Syed Mahbubur Rahman, Managing Director of Dhaka Bank Limited signed the agreement on behalf of their respective organizations. Mr. Emranul Huq, Deputy Managing Director of Dhaka Bank Limited and other high officials from both the organizations were also present.
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