MTB GRANTED MANDATE FOR ISSUE OF BDT 950 MILLION REDEEMABLE CUMULATIVE PREFERENCE SHARES BY STAR CERAMICS LTD.

Mutual Trust Bank Limited (MTB) has been granted a mandate for issue of BDT 950 million redeemable cumulative preference shares by Star Ceramics Ltd., at a simple ceremony held recently at the bank’s Corporate Head Office, MTB Centre, Gulshan 1, Dhaka. MTB Capital Ltd., a subsidiary of Mutual Trust Bank Ltd. (MTB), will be the Issue Manager for the arrangement. Syed A. K. Anwaruzzaman, Managing Director of Star Ceramics Ltd., Moallimul Islam, Chief Operating Officer, Ajay Kumar, Finance Controller, and Anis A. Khan, MTB Managing Director and CEO, MTB Deputy Managing Directors, Md. Zakir Hussain and Syed Rafiqul Haq, Khairul Bashar Abu Taher Mohammed, CEO, MTB Capital Ltd. along with other senior officials of both the organizations were present at the event.

Star Ceramics Managing Director Syed A. K. Anwaruzzaman appreciated the efforts of MTB to act as the Lead Arranger, and take the project forward by arranging redeemable cumulative preference shares, which would provide an attractive financing option for the company. MTB CEO Anis A. Khan thanked Star Ceramics Ltd. for reposing their confidence in the bank, and assured the company of providing maximum possible support for implementing their project successfully, which would play a significant role in expanding the ceramics industry, a growing manufacturing sector of the country.

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