Banglalink Digital Communications Limited, one of Bangladesh’s top telecom carriers, has successfully raised Tk1,200 crore in the form of a Syndicated Term Loan Facility with Eastern Bank Limited (EBL) as the designated lead arranger.
EBL stated in a statement after signing the transaction at The Westin in Dhaka on Tuesday that seventeen banks were involved in the historic syndication. As a special guest, Mohd Humayun Kabir, executive director of Bangladesh Bank, was present. Banglalink will use the lending facility to fund capital expenditures, spectrum acquisitions, and 4G network modernizations.
BRAC Bank, Bank Asia, The City Bank, Commercial Bank of Ceylon PLC, Dhaka Bank, Dutch-Bangla Bank, Habib Bank, Jamuna Bank, Meghna Bank, NCC Bank, Mutual Trust Bank, ONE Bank, Prime Bank, Trust Bank, Mercantile Bank, and United Commercial Bank are among the other participating banks.
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