Heavy Chemicals gets Tk 300m loan from HSBC
The Hongkong and Shanghai Banking Corporation (HSBC) Ltd in Bangladesh will extend a 5-year term loan facility of Tk 300 million to Global Heavy Chemicals Limited (GHCL), manufacturer of caustic soda, a heavily used industrial raw material.An agreement to this effect was signed between the two organisations recently in Dhaka, says a press release. Adil Islam, head of Corporate Banking of HSBC, and Abdus Sabur Khan, executive vice-chairman of GHCL signed the agreement.
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