Tk 98.9cr multi credit arranged for Creative Paper Mills

Dhaka Bank Ltd with the help of seven other banks and financial institution has arranged a Tk 98.9 crore syndicated term loan facility for Creative Paper Mills Ltd.
A syndicated term loan agreement to this effect was signed on Tuesday in Dhaka between the banks, financial institution and Creative Paper Mills, says a press release.
Dhaka Bank is the lead arranger and agent bank in the syndication, while other participating banks and financial institution are Dutch-Bangla Bank Ltd (DBBL), Eastern Bank Ltd, First Security Bank Ltd, NCC Bank Ltd, Premier Bank Ltd, Uttara Bank Ltd, Union Capital Ltd.
The proposed project is a paper-manufacturing unit, which will have an annual production capacity of 42,000 tonnes of different kinds of paper such as newsprint, offset and poster paper.
Shahed Noman, managing director (MD) of Dhaka Bank, Md Yeasin Ali, MD of DBBL, Ali Reza Iftekhar, MD of Eastern Bank, AAM Zakaria, MD of First Security Bank, Md Nurul Amin, MD of NCC Bank, Abu Haniff Khan, MD of Premier Bank, Shaikh Aminuddin Ahmed, consultant (CRM) of Uttara Bank, Mohammad Hafiz Ahmed, MD of Union Capital, Hasanul Morshed, chairman of Creative Paper Mills, and Tabibul Huq, managing director, were present at the signing ceremony.