Term Sheet Signing Ceremony between LankaBangla Finance Limited and Karnaphuli Power Limited

seminar

A term sheet signing ceremony to raise capital through issuance of Preference Shares for Karnaphuli Power Limited, a concern of Baraka Group was held on October 19, 2017 at LankaBangla premises. LankaBangla Finance Limited will act as the Mandated Arranger to raise the fund for setting up a 110 MW HFO based power plant at Shikalbaha, Chattogram. From Karnaphuli Power Limited, Mr. Faisal Ahmed Chowdhury, Chairman, Mr. Gulam Rabbani Chowdhury, Managing Director, Mr. Mohammed Monirul Islam, Director (Finance) and from LankaBangla Finance Mr. Khwaja Shahriar, Managing Director & CEO, Mr. Mohammad Shoaib, Head of Corporate Finance Division along with other senior officials from both the companies were present in the mentioned event.

Particulars 2021 2020
Long Term AA3 AA3
Short Term ST-2 ST-2
Outlook Stable Stable
  • AA3

    Very strong capacity
    Very high quality
    Very low credit risk

  • ST-2

    High grade
    Strong capacity
    Commendable liquidity

Rated by Credit Rating Agency of Bangladesh Limited(CRAB)
Based on audited financial statements up to December 31, 2020, unaudited financial statements as of March 31, 2021 and other relevant quantitative as well as qualitative information up to the date of rating declaration (July 19, 2021)
Valid up to June 30, 2022