SK Sur Chowdhury, Deputy Governor, Bangladesh Bank, Dr. Arif Dowla, Managing Director, ACI Ltd; and Ali Reza Iftekhar, Managing Director and CEO, Eastern Bank Ltd are seen at the Commercial Paper deal closing ceremony at a hotel in Dhaka recently.

Eastern Bank Limited (EBL) has arranged Commercial Paper (CP), a widely used money market financial instrument across the world, of Tk 500 million for ACI Limited for their high end subscribers.

The CPs are covered by bank guarantee. The move initiated a new chapter in the history of the financial market of Bangladesh, said a press release.

To celebrate this remarkable deal, a ceremony was organised recently at a hotel in Dhaka. SK Sur Chowdhury, Deputy Governor, Bangladesh Bank was present as the chief guest.

Dr. Arif Dowla, Managing Director of ACI Ltd, Ali Reza Iftekhar, Managing Director and CEO of EBL, AKM Shahidul Haque, Managing Director and CEO of Midland Bank Ltd, Imran Karim, Managing Director of Confidence Steel Ltd, Waqar A. Chowdhury, Managing Director of Vanguard Asset Management Ltd, Mirza Gholam Erfan, Director, Techno Venture Ltd were present.

Deputy Governor appreciated the efforts of EBL and ACI for being the pioneer to bring CP in the market.