The Private Sector Foreign Loan and Supplier’s Credit Committee on Sunday approved seven private companies’ proposals to take $125.05 million in loans from foreign sources.
The foreign loan approval committee, headed by Bangladesh Bank governor Atiur Rahman, approved the loan proposals at a meeting at the central bank headquarters in the capital, according to a central bank news release.
The committee approved $44 million for Dutch-Bangla Power and Associates Ltd, $44 million for Orion Power Meghnaghat Ltd, $15.43 million for Tarasima Apparels Ltd, $15 million for Ha-Meem Denim Ltd, $4.45 million for Rising Industries Ltd, $1.60 million for Knit Concern Ltd and $0.567 million for Plummy Fashions Ltd.
The highest interest rate of the approved proposals is 3-month LIBOR+4.50 per cent annually and the effective interest rate is within 4.74 per cent per year, the release said.
The tenor of the proposed loan is at least 3 years.
The BB release said that more foreign financing proposals were under process and close consideration for the approval.
The foreign loan approval committee hoped that this type of foreign financing would be helpful to keep the dollar price stable, would decrease the deficit of the country’s balance of payment and would create more job opportunity for the countrymen, the release said.
-With New Age input
