The closing ceremony of secured Commercial Paper (CP) of BDT 500 million, arranged by Mutual Trust Bank Limited (MTB) and issued by Bengal Plastics Ltd., a concern of Bengal Group of Industries, a leading conglomerate of the country, was held at a city hotel recently, according to a statement.

M A Mannan, MP, Minister of State of the Ministry of Finance attended the program as the Chief Guest. MTB Chairman, Rashed Ahmed Chowdhury was present as the Special Guest while Bengal Group Chairman, Morshed Alam, MP, Vice Chairman, Jashim Uddin, MTB Vice Chairman M.A. Rouf, JP, MTB Managing Director & CEO Anis A. Khan, and on behalf of the Subscribers Md. Ahsan-uz Zaman, Managing Director and CEO, Midland Bank Ltd., Ajith Naranpanawe, Country Manager, Commercial Bank of Ceylon PLC, Habib Yousuf, Regional General Manager, Habib Bank Ltd., Mirza Elias Uddin Ahmed, Deputy Managing Director, Jamuna Bank Ltd. and Mohammad Borhanuddin, SEVP & Head of Corporate Assets & Client Origination,  Bank Asia Ltd. were also present.

The State Minister and Chief Guest of the event M A Mannan, MP appreciated the efforts of MTB and the Bengal Group to successfully launch a CP in the market. Such innovative ideas are important for the growth and development of the financial market, he said.

The MTB Chairman Rashed A. Chowdhury thanked Bengal Group for choosing MTB as their financial partner for their business growth, and, for contributing, significantly, to the overall socio-economic development of the country. Morshed Alam, MP, Chairman of Bengal Group of Industries expressed his gratitude to MTB and the subscribers for having confidence in his enterprise.

He urged all to work passionately to contribute to the improvement of the financial sector of the country and tap the growth potential of Bangladesh.