MTB arranges Redeemable Cumulative Preference Shares for Star Ceramics Ltd
The Closing Ceremony of Issuance of Redeemable Cumulative Preference Shares under syndication of BDT 935 Million for Star Ceramics Limited was held at a city hotel on January 4, 2017. Mutual Trust Bank Limited (MTB) is the Lead Arranger and Agent & MTB Capital Ltd. is the Issue Manager of this syndication. M. A. Rouf, JP, Chairman of Mutual Trust Bank Ltd. attended the program as the Chief Guest.
Syed A. K. Anwaruzzaman, Managing Director, Star Ceramics Ltd., Anis A. Khan, Managing Director & CEO of Mutual Trust Bank Ltd., and on behalf of the subscribers, Yawer Sayeed, Managing Director & CEO, AIMS of Bangladesh Ltd., Mohammed Nurul Amin, Managing Director & CEO, Meghna Bank Ltd., Ashok Kumar Saha, Managing Director of NGS Group of Industries., Golam Hafiz Ahmed, Managing Director & CEO, National Credit and Commerce Bank Ltd., Md. Mehmood Husain, Managing Director & CEO, NRB Bank Ltd., Ahmed Kamal Khan Chowdhury, Managing Director, Prime Bank Ltd., Md. Rafiqul Islam, Chief Operating Officer (COO) and Acting Managing Director, Shimanto Bank Ltd., Md. Motaleb Hossain, Deputy Managing Director, Standard Bank Ltd. A.F.M Barkatullah, DMD & Head of Retail Business, IPDC Finance Ltd., Kaiser Tamiz Amin, Deputy Managing Director, United Finance Limited and Jashim Uddin, Vice President & Company Secretary, Delta BRAC Housing Finance Corporation Ltd. were also present.
M.A. Rouf, JP, Chief Guest and Chairman of Mutual Trust Bank Ltd. appreciated the efforts of MTB and Star Ceramics Ltd. and all the participating subscribers to successfully close the deal. Such diversified products are important for the growth and development of the financial market. This is also helping to broaden the investment opportunities in the market, by providing an additional financial instrument for the investors.
Syed A. K. Anwaruzzaman, Managing Director, Star Ceramics Ltd. expressed his gratitude to MTB and the subscribers for having confidence in his company. He urged all to work for contributing to the development of the economy of the country and tap the growth potential of Bangladesh. MTB Managing Director & CEO, Anis A. Khan appreciated Star Ceramics Ltd. for considering MTB as their financial solution provider and for contributing significantly to the overall socio-economic development of the country. He also said that MTB will always be in the forefront with such initiatives and will continue to do so.
Among others, Khairul Bashar Abu Taher Mohammed, CEO, MTB Capital Ltd., Yawer Sayeed, Managing Director & CEO, AIMS of Bangladesh Ltd. and Mohammed Nurul Amin, Managing Director & CEO, Meghna Bank Ltd. also spoke on the occasion.