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2019-08-29
EBL arranges Tk 200cr for Butterfly refrigerator plant
EBL has arranged a syndicated term loan of Tk 208.69 crore for Butterfly Manufacturing Company Limited to help it establish a completely-knocked-down refrigerator manufacturing plant in Mymensingh.

The state-of-the-art plant will manufacture energy efficient, no-frost refrigerators with technical collaboration of LG Electronics. A deal closing ceremony was held at The Westin Dhaka recently, says a press release.

MA Mannan, Butterfly's chairman and managing director; MDs and CEOs Ali Reza Iftekhar of EBL, Arif Khan of IDLC Finance, M Fakhrul Alam of ONE Bank and SM Shamsul Arefin of Uttara Finance; DK Son, managing director of LG Electronics-Dhaka, and other representatives from participating financial institutions were present.
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