The City Bank Ltd organized the signing ceremony for a Structured Financing Arrangement for Regent Energy and Power Limited, for raising a term loan of USD 50.2 Million & BDT 300 Million and Preference Shares of BDT 430 Million for setting up a 108 MW gas fired Independent Power Plant at Ghorashal, Narsingdi.

The Senior Lenders are Infrastructure Development Company Limited (IDCOL) with a commitment of USD 30 Million and International Finance Corporation (IFC) with a commitment of USD 20.2 Million and Bangladesh Infrastructure Financing Fund Limited (BIFFL) with BDT 300 Million. The Preference Share subscribers are City Bank Capital Resources Limited (CBCRL), Midland Bank Limited, NRB Commercial Bank Limited and United Leasing Company (ULC). City Bank has played the role of Arranger, Collateral Agent, Account Bank & BIFFL Facility Agent.

Sohail R K Hussain, MD & CEO, City Bank; Anita Marangoly George, Director, Infrastructure & Natural Resources , IFC; Md. Yasin Ali, MD & Salman Habib Deputy MD of Regent Energy and Power Ltd; Kyle F. Kelhofer, Country Manager, Bangladesh, Bhutan & Nepal, IFC; Mahmood Malik, Executive Director & CEO, IDCOL; Md. Atiquzzaman, Executive Director & CEO, BIFFL; Ershad Hossain, CEO, CBCRL; A K M Shahidul Haque, MD & CEO Midland Bank; Sheikh Mohammad Maroof, DMD, City Bank and other senior officials from the leading financial institutions of the country were also present on the occasion.