BSRM CORRALS USD115 MILLION IN SYNDICATED LOAN TO BUILD BILLET-MAKING PLANT
November 3rd, 2013
Bangladesh's top steel maker BSRM Group has secured USD115 million in what is billed as one of the largest ever syndicated loans for a local company, officials and bankers have told Steel First.A total of 25 banks and financial institutions, including the Export-Import Bank of India (EXIM), participated in the syndication, co-arranged by UK-based Standard Chartered Bank and local lenders IDLC Finance Limited and City Bank Limited.The steel group, founded in 1952, will sink USD162 million into setting up a billet-making plant in Chittagong, which will produce 1 ...
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