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Standard Chartered to raise BDT 150 crore for Durable Plastics

Standard Chartered to raise BDT 150 crore for Durable Plastics

Standard Chartered Bank has been mandated for raising BDT 150 crore Zero Coupon Bond for Durable Plastics Limited, a concern of PRAN-RFL Group. The proceeds of the Zero Coupon Bond will be used for further expansion of the company, said a press release on Sunday (Feb 11).

The mandate was signed at PRAN RFL Center recently in the presence of Uzma Chowdhury, Director (Corporate Finance), Muhammad Sameer Uddin, General Manager (Corporate Finance) of PRAN-RFL Group, Alamgir Morshed, Managing Director and Head of Financial Markets, Maroof Ur Rahman Mazumder, Executive Director and Head of Capital Markets of Standard Chartered Bank and other senior Officials.

Durable Plastics Ltd is a sister concern of PRAN-RFL Group which is engaged in manufacturing and distribution of varieties of house-hold plastic items including containers, jugs, trays, bowls, buckets, as well as stationary items flask and baby items.

Standard Chartered is leading the debt capital market in Bangladesh as well as an acknowledged global leader in Asia, Africa and Middle East.