Green Delta appointed as lead debt raiser for Red Sea Gateway

Green Delta Capital, a premier Investment Bank specializing in debt and equity capital markets, has been appointed as the Mandated Lead Arranger for debt raising by Red Sea Gateway, a leading logistics and industrial zone operator in the Kingdom of Saudi Arabia for its Patenga Container Terminal Project in Bangladesh.

This is a leading logistics and industrial zone operator in Saudi Arabia and happy for being selected as operator of Patenga Container Terminal Project in Bangladesh, says a press release.

Red Sea Gateway Terminal International (RSGTI), through its subsidiary RSGT Bangladesh Ltd., has signed a 22-year Equip-Operate-Transfer concession agreement with the Chittagong Port Authority.
Under it RSGT will operate the new 500,000 TEU capacity Patenga Container Terminal at Bangladeshs primary seaport. The concession calls for an investment of $170 million over the concession term.

Red Sea Gateway has chosen Green Delta Capital as its partner in this endeavour, recognizing the institutions expertise and successful track record in debt arranging.

With a shared vision for growth and a commitment to excellence, Green Delta Capital will play a critical role in securing the necessary funding to support Red Sea Gateways expansion plans in Bangladesh.

In its capacity as Mandated Lead Arranger, Green Delta Capital will work closely with Red Sea Gateways team to structure and arrange the debt financing required to fuel the companys strategic objectives.

By leveraging their expertise and industry connections, Green Delta Capital aims to ensure a smooth and successful debt raising process for Red Sea Gateway Terminal Bangladesh.

"RSGT Bangladesh is pleased to have Green Delta Capital leading the project financing process for this critical project that would hopefully lead to a brighter future for trade and commerce between Saudi Arabia and Bangladesh", said Abbas Bukhari, Group Chief Financial Officer of Red Sea Gateway Terminal.

HE said they are honoured to have been selected as the Mandated Lead Arranger by Red Sea Gateway Terminal Bangladesh.
 
Rafiqul Islam, Managing Director & CEO of Green Delta Capital Ltd. said they  are confident that their experience in debt arranging, combined with Red Sea Gateways strong market presence, will pave the way for a successful collaboration.