Chittagong Bureau :
A reputed steel rerolling mills in the port city -GPH has been sanctioned foreign investment loan of about 100million US dollars for new steel plant in chittagong . The sanction of the foreign grant was apprised through a letter of Bangladesh Investment Development Authority on September 22 last. The loan was granted under the Austria Covered Export Credit Agency with deferred payment 12 years with interest of 1.04% , a GPH sources said. These loan will be disbursed to GPH Ispat Ltd through a consortium consists of 5 schedule banks of Bangladesh by BHF Bank of Germany . The matter of foreign loan grant was informed to Bangladesh Securities Exchange commission, Dhaka Stock exchange and Chittagong Stock Exchange on September 24 last, Media Advisor of GPH said.
A reputed steel rerolling mills in the port city -GPH has been sanctioned foreign investment loan of about 100million US dollars for new steel plant in chittagong . The sanction of the foreign grant was apprised through a letter of Bangladesh Investment Development Authority on September 22 last. The loan was granted under the Austria Covered Export Credit Agency with deferred payment 12 years with interest of 1.04% , a GPH sources said. These loan will be disbursed to GPH Ispat Ltd through a consortium consists of 5 schedule banks of Bangladesh by BHF Bank of Germany . The matter of foreign loan grant was informed to Bangladesh Securities Exchange commission, Dhaka Stock exchange and Chittagong Stock Exchange on September 24 last, Media Advisor of GPH said.
