Green Delta Capital Limited (GDCL) will arrange Tk 1 billion (100 crore) fund for Pran Foods Limited (PFL), a sister concern of Pran-RFL Group, through issuance of Sukuk Bond (Islamic Bond), its first time in Bangladesh.
In this connection, an agreement was signed between Pran Foods and Green Delta Capital at the latter's corporate office in the city's Mohakhali area on Wednesday, said a press release.
Pran-RFL Group Director (Corporate Finance) Uzma Chowdhury and GDCL Managing Director and Chief Executive Officer (CEO) Rafiqul Islam signed the agreement on behalf of their respective organisations.
High officials of both the organisations also attended the signing ceremony.
The fund will use to purchase capital machineries of the PFL's expansion project.