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Nasir Glass to raise Tk 100cr through commercial papers

Post Time:Apr 07,2015Classify:Company NewsView:263

Nasir Glass Industries, a leading float glass maker, is set to raise Tk 100 crore through commercial papers to help cut high financing costs, which will ultimately allow the company to offer more price-competitive products.   

 

The fund will be raised in two tranches, each consisting of Tk 50 crore with a validity of six months. Prime Bank will issue bank guarantee against the subscription amount in favour of the subscribers.

 

Read more: www.thedailystar.net/business/nasir-glass-raise-tk-100cr-through-commercial-papers-75266

Source: www.thedailystar.net Author: shangyi

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