EBL raises Tk 100cr for Epyllion

Eastern Bank Ltd (EBL) has raised Tk 100 crore through preference shares for Epyllion Style Ltd, a concern of Epyllion Group, one of the leading apparel manufacturers in Bangladesh. 

EBL worked as mandated lead arranger, agent and investor while Trust Bank and LankaBangla Finance as investors.

A deal closing ceremony was held in Dhaka on December 2 when Humaira Azam, managing director of Trust Bank, also received an accolade on becoming the first female CEO in the banking industry.

"Bankers should work with alternative investment and capital market products, innovative ideas, use of digital landscape and promote sustainable finance," said Ali Reza Iftekhar, managing director of the EBL.

Reaz Uddin Al Mamoon, chairman of Epyllion Group, and Quamrul Islam, head of treasury at LankaBangla Finance, were present.