Home ›› 05 Dec 2021 ›› Corporate
Eastern Bank Ltd (EBL) has raised Tk 1 billion through preference shares for Epyllion Style Ltd, a flagship concern of Epyllion Group, a leading apparel manufacturer in the country.
Celebrating the deal, an agreement closing ceremony was held in Dhaka on Thursday. EBL worked as the mandated lead arranger, agent and investor for the deal, while Trust Bank Ltd and Lanka Bangla Finance Ltd. participated as the investors, the bank said in a statement on Saturday.
EBL is actively working for alternative source of financing through capital market products for the leading corporates in Bangladesh.
The bank’s Managing Director and CEO Ali Reza Iftekhar extended appreciation to Epyllion Chairman for the long-standing relationship between the two organisations and for mandating the preference shares deal.
He also extended thanks to the investors for their ardent support. Ali Reza said that bankers should work with alternative investment and capital market products, innovative ideas, use of digital landscape and promote sustainable finance, said the statement.
Epyllion Group Chairman Reaz Uddin Al Mamoon extended sincere thanks to EBL for successful arrangement of funds in due time. He also extended thanks to the investors.
Reaz presented to EBL MD and CEO an accolade for being an outstanding leader in the banking industry.
An accolade was also presented to Trust Bank MD & CEO for becoming the first female CEO of the banking industry.
