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Three banks signed deal with Toma Construction

Three banks signed deal with Toma Construction

DHAKA:A signing ceremony of Syndicated Credit Facilities of BDT 5,500 million recently has been executed between Toma Construction and Co Ltd and three banks at a hotel in Dhaka.

United Commercial Bank Limited (UCB) acted as lead arranger and Prime Bank Limited acted as co-arranger for raising BDT 5,500 million in favor of Toma Construction and Co Limited for construction of New Dual Gauge Single Railway Line from Dohazari to Cox’s Bazar. Bank Asia Limited was one of the participating financiers in this syndicated deal.

In the signing ceremony, Mohammed Shawkat Jamil, managing director of United Commercial Bank Limited; Mohd Ataur Rahman Bhuiyan, chairman and managing director of Toma Group; Md Arfan Ali, president and managing director of Bank Asia Ltd; Mohammad Mamdudur Rashid, Additional Managing Director of UCB and Shahbaj Talat, Team Head of C&IB, Prime Bank Limited; and Engr Mukitur Rahman, Deputy Managing Director, M Abul Hashem, Director Finance of Toma Group along with other senior officials of UCB, Toma Group and other banks were present in the program.

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