Banglalink to raise syndicated loan (Bangladesh)
May 15, 2007
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Bangladeshi mobile operator, Banglalink, has proposed to the Board of Investments to raise a Singapore $280 million loan from foreign lenders in order to expand its GSM network and develop its service portfolio.
Standard Chartered Bank (SCB) and KfW of Germany, the lead arrangers of the transaction, will provide the credit through syndication with other international commercial banks and financial institutions.
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