& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

12 firms to borrow $243m from abroad

Rejaul Karim Byron
A government panel yesterday green-lit foreign financing of around $243.31 million for 12 projects, hoping to reduce deficit in balance of payments, keep the exchange rate stable and create jobs.
The approval for the foreign loans, which would be used to import capital machinery and equipment, came at a meeting of the Board of Investment scrutiny committee presided over by Bangladesh Bank Governor Atiur Rahman.
The highest interest rate on the loans is 6-month Libor and 4.50 percent.
Of the $243.31 million worth of foreign loans approved, $64.8 million is for Summit Meghnaghat Power Co Ltd. The loan is to make deferred payments of $ 14.8 million to China National Electric Engineering Co Ltd for machineries imported.
Summit Group applied for foreign loans for another venture, Summit Bibiyana II Power. It intends to take out loans worth $25 million for capital machinery imports from the offshore units of AB Bank, Premier Bank and The City Bank.
CEAT Bangladesh Ltd, the local arm of the Indian tyre manufacturing company, applied to take out a
$35 million loan from Bank of India's offshore unit in Hong Kong to set up a plant in Bangladesh.
The principal amount will be paid by seven years in 16 equal quarterly instalments after the end of the three-year grace period. The interest rate on the loan is 3-month Libor plus 4.3 percent.
Kaiser Sanko JB Textile, a joint venture between Bangladesh and Japan to manufacture knit fabrics and sewing products, plans to borrow $400,000 from its foreign shareholder Sanko Co Ltd to meet the import cost of capital machinery.
The rate of interest on the loan is 3.9 percent and repayment would
be made in five years with a grace period of six months.
Oasis Fashion, a private company which manufactures knitwear and garment products, applied for a deferred payment facility of $1.86 million from Shima Seiki Manufacturing of Japan for import of machinery and equipment. Oasis will make the payment 30 months from the bill oflading.
Airtel Bangladesh Limited applied for foreign loan of $50 million from India's HDFC Bank's Hong Kong operation.
The loan, which would come with an interest rate of 6-month Libor plus 2.7 percent, would be used to meet capital expenditure, regulatory fee payment (including 3G licence fee) and debt refinance of the company.
The repayment has to be made in four years with one and a half years' grace period.
Bangladesh Edible Oil which processes, refines and distributes edible oil proposed to borrow $9 million in total from its shareholders in Singapore—Will PTE and Adani Global Singapore—to import capital machinery for expanding production capacity.
The rate of interest on the loans 6-month Libor plus 3.85 percent payable in eight years with two years grace period.