Economic Reporter :
The signing ceremony of the issuance of 7-year redeemable cumulative preference shares amounting to BDT 1.0 billion of two power projects of Summit Group held recently at a city hotel.
NDB Capital Limited was the Arranger and Issue Manager for this transaction.
Summit Barisal Power Limited and Summit Narayanganj Power Unit II Limited, the new heavy fuel oil fired power plants with capacities of 110 MW and 55 MW respectively have already commenced power generation ahead of the schedules.
NDB Capital, the mandated arranger successfully raised BDT 1.0 Billion through the issuance of Redeemable Cumulative Preference Shares. Managing Directors of the new power ventures, representatives of the investors from Prime Bank Limited, NCC Bank Limited, NRB Bank Limited, Modhumoti Bank Limited, Bangladesh Infrastructure Finance Fund Limited (BIFFL), Industrial Promotion and Development Company Limited of Bangladesh (IPDC) and also the agent bank for the transaction, BRAC Bank Limited, were present on this occasion.
The Vice Chairman of Summit Power Limited, Md. Latif Khan, thanked NDB Capital for successfully completing the transaction on time and said, “We are very pleased to have partnered with NDB Capital for this fund raising and this is only the beginning of many more.”
“NDB Capital’s uniqueness lies in its ability to offer globally available products with localized solutions”, says the CEO and Managing Director of NDB Capital Limited, Kanti Kumar Saha.
The signing ceremony of the issuance of 7-year redeemable cumulative preference shares amounting to BDT 1.0 billion of two power projects of Summit Group held recently at a city hotel.
NDB Capital Limited was the Arranger and Issue Manager for this transaction.
Summit Barisal Power Limited and Summit Narayanganj Power Unit II Limited, the new heavy fuel oil fired power plants with capacities of 110 MW and 55 MW respectively have already commenced power generation ahead of the schedules.
NDB Capital, the mandated arranger successfully raised BDT 1.0 Billion through the issuance of Redeemable Cumulative Preference Shares. Managing Directors of the new power ventures, representatives of the investors from Prime Bank Limited, NCC Bank Limited, NRB Bank Limited, Modhumoti Bank Limited, Bangladesh Infrastructure Finance Fund Limited (BIFFL), Industrial Promotion and Development Company Limited of Bangladesh (IPDC) and also the agent bank for the transaction, BRAC Bank Limited, were present on this occasion.
The Vice Chairman of Summit Power Limited, Md. Latif Khan, thanked NDB Capital for successfully completing the transaction on time and said, “We are very pleased to have partnered with NDB Capital for this fund raising and this is only the beginning of many more.”
“NDB Capital’s uniqueness lies in its ability to offer globally available products with localized solutions”, says the CEO and Managing Director of NDB Capital Limited, Kanti Kumar Saha.
