Meghna Bank PLC organized an Investors’ Meet and launched an Information Memorandum for Star Ceramics Ltd, a tiles and sanitary ware manufacturer. Acting as lead arranger, facility agent, and transaction advisor, the bank aims to raise a total facility of Tk 175 crore from various banks and financial institutions. The Structured Finance Unit of the Corporate Banking Division will manage this arrangement, incorporating both debt and quasi-equity products. Star Ceramics, established in 2010, is among the country’s leading manufacturers, producing 85 million square feet of tiles and 450,000 sanitary items annually. The funds will be utilized to enhance infrastructure, including a new polishing line and heat cogeneration system, improving revenue and reducing utility costs.
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