Standard Chartered Bank arranged BDT 1.60 Billion Non-Convertible Redeemable Cumulative Preference Share For Raj Lanka Power Company Limited, a subsidiary of LTL Holdings Ltd of Sri Lanka.  The company owns and operates a 53 MW Heavy Fuel Oil (HFO) fired IPP power plant in Natore.
This is the first Preference Share transaction arranged by Standard Chartered Bank, Bangladesh. The facility is aimed to re-finance the company's existing Preference Shares to reduce overall cost.
There was a diverse mix of investments in the transaction from Banks, Non Banking Financial Institutions and Corporate, which testifies to Standard Chartered Bank's strong relationship with investors from all segments and Issuer's strong business fundamentals and reputation.
The closing ceremony took place at the Westin Hotel recently, which was attended by U D Jayawardanat, CEO of LTL Holdings Limited,  M J M N Marikkar, Managing Director of Raj Lanka Power Company Ltd, and  Abrar A. Anwar, Chief Executive Officer of Standard Chartered Bank, Bangladesh, Enamul Haque, Head of Commercial Banking, Alamgir Morshed, Head of Financial Markets and Md Maroof ur Rahman Mazumder, Head of Capital Markets, Standard Chartered Bank, Bangladesh. The ceremony also was attended by the Investors, Lawyers, Rating Agency and Senior Officials from Standard Chartered Bank and Raj Lanka Power Company Ltd.