Nasir Glass to raise Tk 100cr through commercial papers

Nasir Glass Industries, a leading float glass maker, is set to raise Tk 100 crore through commercial papers to help cut high financing costs, which will ultimately allow the company to offer more price-competitive products.   

The fund will be raised in two tranches, each consisting of Tk 50 crore with a validity of six months. Prime Bank will issue bank guarantee against the subscription amount in favour of the subscribers.

Read more: www.thedailystar.net/business/nasir-glass-raise-tk-100cr-through-commercial-papers-75266