The New Nation - Internet Edition

BUSINESS REPORT

Eastern Bank Ltd (EBL) arranged an Information Memorandum (IM) launching ceremony for syndicated facility of Tk 650 million medium term loan/investment for General Pharmaceuticals Ltd (GPL), a manufacturer of pharmaceutical products since 1987.

A number of leading banks of the country joined this auspicious occasion of IM launching ceremony held at Dhaka Sheraton Hotel on July 3 last. EBL is acting as the arranger for this transaction.

Ali Reza Iftekhar, MD and CEO of EBL expressed his appreciation to all the partners for showing interests on the transaction.

He assured that EBL would continue its efforts to bring quality transactions in the market. Dr Momenul Haq, MD, GPL gave an informative speech on the project and GPL's business prospect. Dr Sarah Momen, Director, GPL, Mir Zaki Azam Chowdhury, Director Marketing, GPL, Syed Rafiqul Haque, EVP and Area Head, Dhaka, EBL and other High Officials of GPL and EBL were present on the occasion.

Md Abdul Wadud, SVP and Head of Structured Finance, EBL presented the project proposal to all the prospective lenders followed by a question-answer session.