International Leasing And Financial Services Limited (ILFSL) has arranged a syndicated lease finance of Tk 300 million (30 crore) for SA Telecom System Limited (SATEL), said a press release.
SA Telecom, a concern of SA Group of Chittagong, will set up fixed phone service facilities at Southeast Zone of the country in association with other members of the syndication.
The members are --Premier Leasing International Limited (PLIL), Union Capital Limited (UCL), Bangladesh Industrial Finance Company Limited (BIFC), Bangladesh Finance And Investment Company Limited (BFIC) and National Housing Finance And Investments Limited (NHFIL).
An agreement to that effect was signed recently at the corporate office of ILFSL between SATEL and the members of the syndication.
The facility agreement was signed by the managing directors of the consortium members and SATEL. The senior officials of the concerned organisations also attended the signing ceremony.