Airtel Bangladesh Ltd and 14 other private companies on Tuesday were allowed to take $297 million in loans from foreign sources.
The private sector foreign loan/supplier’s credit committee headed by Bangladesh Bank governor Atiur Rahman approved their loan proposals at a meeting at the central bank’s headquarters in the capital.
According to a BB news release, Airtel Bangladesh will take $200 million out of $297 million in loans approved by the committee.
Among the 14 other companies, Pacific Bangladesh Telecom will take $35 million, Annanta Apparels $12.5 million, Lida Textile & Dyeing $10 million, Minhaz Textile $10 million, Ayesha Clothing $6 million, Talha Fabrics $5 million, Noman Terry Towel $5 million, Supia Cotton Mills $3.70 million, Israq Textile Mills $3.75 million and Gazi Cement $2.4 million.
The highest interest rate of the loan is 3-month LIBOR (London Inter Bank Offered Rate) plus 4.50 per cent per annum, said the BB news release.
-With New Age input
