Wednesday, 03 Mar, 2021

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Bashundhara Group sets up country’s biggest petrochemical plant

Staff Correspondent | banglanews24.com
Update: 2021-01-16 19:16:14
Bashundhara Group sets up country’s biggest petrochemical plant

*Bashundhara sets up petrochemical plant in Sitakunda

*This is mega project financing first time in private sector

*Estimated cost of the project is Tk 9,943.66cr

*Meeting to raise Tk 7457.75cr under syndication arrangements was held

A syndication meeting for raising fund of Tk 7457.75 crore under syndication arrangements to set up a petrochemical complex plant (Polyolefin unit) of Bashundhara Oil & Gas Company Limited (BOGCL) at Banshbaria under Sitakunda upazila in the district was held at hotel ‘Radisson Blu Chattogram Bay View’ on Saturday. Besides, a roadshow was held.

This is the mega project financing for the first time in the private sector costing Tk 9,943.66 crore.

Agrani Bank Limited is acting as lead arranger and agent bank in this syndication project financing.

Agrani Bank General Manager (Credit) Dr Md Abdullah Al Mamun, Deputy General Manager Engineer Md Shahjahan and other executives and technical personnel of the lead arranger were present on the occasion.

BOGCL Head of Banking Razib Samad, Head of Project Nafis Imtiaz, other high officials, and representatives of a total of 15 prospective lender banks and non-banking financial institutions attended the meeting. 

BDST: 1915 HRS, JAN 16, 2021
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