Bank Asia has arranged syndicated term loan of Tk 1.7 billion for Star Porcelain Pvt Ltd to help the company set up of a 100 per cent export-oriented high quality porcelain tableware products, which will be exported to Europe, Middle East, Far East, North and South America countries. An estimated cost for the project has been earmarked Tk 2,480.00 million. 
A signing ceremony for the syndicated finance was held at a local hotel in the capital recently, says a press release.
Md Mehmood Husain, president and managing director of Bank Asia, and Syed AK Anwaruzzaman, director of Star Porcelain Pvt Ltd, represented the programme. Banks and Financial Institutions participated in the deal are--Bank Asia Ltd, Jamuna Bank Ltd, Midland Bank Ltd, NRB Commercial Bank Ltd, NRB Bank Ltd, Social Islami Bank Ltd, Saudi-Bangladesh Industrial & Agricultural Investment Company Ltd. (SABINCO), Standard Bank Ltd, Trust Bank Ltd and Uttara Bank Ltd. The project of Star Porcelain Pvt. Ltd is located at Horitola, Madhabpur, Habigonj on 1,645.10 decimal of land. 
Mentionable that Bank Asia’s Syndication Finance Unit has been active in the Syndication market as Lead Arranger since 2000 and it has concluded 15 deals, raising more than Tk 10 billion from the market.