Durable Plastic Ltd. Secured Commercial Paper

UFS arranged Secured Commercial Paper of BDT 1,000 Million for Durable Plastic Ltd.

UFS has raised BDT 1,000 million through issuance of Secured Commercial Paper (CP) for Durable Plastic Ltd., a concern of the country's renowned RFL Group. The CP was backed by 100% Bank Guarantee issued by two reputed commercial banks in Bangladesh namely United Commercial Bank Ltd. (UCBL) and AB Bank Ltd. (ABBANK). The state owned commercial bank in Bangladesh, Janata Bank Ltd. subscribed the whole investment amount with the subscription closed on 09 June, 2015.