StandChart to raise Tk 150cr for Durable Plastics of RFL

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Business Desk :
Standard Chartered Bank has been mandated for raising Taka 150 crore Zero Coupon Bond for Durable Plastics Limited, a concern of PRAN-RFL Group.
The proceeds of the Zero Coupon Bond will be used for further expansion of the company, said a press release on Sunday.
The mandate was signed at PRAN RFL Center recently in presence of Uzma Chowdhury, director (Corporate Finance), Muhammad Sameer Uddin, general manager (Corporate Finance) of PRAN-RFL Group, Alamgir Morshed, managing director and head of financial markets, Maroof Ur Rahman Mazumder, executive director and head of capital markets of Standard Chartered Bank.
Durable Plastics Ltd is a sister concern of PRAN-RFL Group which is engaged in manufacturing and distribution of varieties of house-hold plastic items including containers, jugs, trays, bowls, buckets, as well as stationary items like flask and baby items.
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