IIDFC arranges Tk 168cr for Warid Telecom
Industrial and Infrastructure Development Finance Company (IIDFC) Ltd with the help of nine banks has arranged a Tk 168 crore syndicated working capital facility for Warid Telecom International Ltd, which launched its operations as the sixth cellphone operator of the country on May 10, 2007.An agreement to this effect was signed on Wednesday in Dhaka between IIDFC, Warid Telecom and the banks, says a press release. IIDFC is the lead arranger in the phase one of the arrangement of the working capital facility, while the participating banks are Bank Asia Ltd, Brac Bank Ltd, Dutch-Bangla Bank Ltd (DBBL), Eastern Bank Ltd, Jamuna Bank Ltd, Mutual Trust Bank Ltd, National Credit and Commerce (NCC) Bank Ltd, Pubali Bank Ltd and United Commercial Bank (UCB) Ltd. Syed Anisul Huq, managing director of Bank Asia, Khwaja Shahriar, head of Corporate Banking of Brac Bank, Md Yeasin Ali, MD of DBBL, Ali Reza Iftekhar, MD of Eastern Bank, Mahmood Malik, MD of IIDFC, Mohammed Lakiotullah, MD of Jamuna Bank, Kazi Md Shafiqur Rahman, MD of Mutual Trust Bank, Nurul Amin, MD of NCC Bank, Helal Ahmed Chowdhury, MD of Pubali Bank, Hamidul Huq, MD of UCB, and Muneer Farooqui, CEO of Warid Telecom International, signed the deal on behalf of their sides. M Matiul Islam, chairman of IIDFC Ltd, was also present at the signing ceremony.
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Senior officials of IIDFC, Warid Telecom, Bank Asia, Brac Bank, Dutch-Bangla Bank, Eastern Bank, Jamuna Bank, Mutual Trust Bank, National Credit and Commerce Bank, Pubali Bank and United Commercial Bank, among others, are seen at a syndicated financing agreement signing ceremony on Wednesday in Dhaka. Under the deal, IIDFC with the help of the banks has arranged a Tk 168 crore syndicated working capital facility for Warid Telecom. PHOTO: IIDFC |
