M Shahjahan Bhuiyan, Managing Director of UCBL and Alihussain Akberali, Chairman of BSRM Group, exchange documents after signing a term sheet at a hotel in Dhaka recently.

Bangladesh Steel Re-Rolling Mills Limited (BSRM) is going to get Tk 2785.77 million syndicated term loan for its BMRE project.

The company in this regard signed an agreement with United Commercial Bank Limited (UCBL) and 16 financial institutions recently.

UCBL will act as lead arranger for raising the fund for expansion of the production capacity of the company, said a press release.

M Shahjahan Bhuiyan, Managing Director of UCBL and Alihussain Akberali, Chairman of BSRM Group and signatories of respective institutions signed the term sheet on behalf of their respective organisations.

The Daily Sun/Bangladesh/ 24th June 2012