A government committee on Tuesday approved proposals of 12 private companies to take $85.5 million in loan from foreign sources.
Board of Investment Scrutiny Committee for approval of Private Sector foreign borrowing, headed by Bangladesh Bank governor Atiur Rahman, approved the loan proposals at a meeting at the central bank headquarters in the capital.
Color City Ltd will take $21 million, Raj Lanka Power Company Ltd $14 million, Walton Hi-Tech Industries Ltd $14.75 million, Fashion Forum Ltd $4 million, Saffa Sweaters Ltd $4 million, Aman Knitting Ltd $3.3 million, Masi Hata Sweaters Ltd $ 6.9 million, Nipro JMI Pharma Ltd $5.1 million, Augur Wireless Broadband Bangladesh Ltd $10 million, and Good Rich Sweaters Limited $1.3 million.
The highest interest rate of the loan is 3-month LIBOR (London Inter Bank Offered Rate) plus 4.5 per cent per annum.
Other members of the committee including representatives from Prime Minister’s Office, finance, commerce and industries ministries, Board of
Investment and officials of the committee secretariat were also present at the meeting.
The committee approved foreign loan of $1.04 billion in FY 12 and $1.82 billion in FY 13.
-With New Age input
