Orion Power Meghnaghat Limited, a subsidiary company of Orion Pharma Limited, has been awarded with a Foreign Refinancing Facility of USD 36.00 million with an interest rate of 4.30% + 1 month LIBOR per annum for 3 years from Mashreq Bank psc, Dubai, UAE.
The fund will be used for refinancing the Syndicated Local Loan which was raised with the interest rate of 15% per annum. This refinancing will help to save a huge amount of Financial Cost that will ultimately have a positive impact on the profitability of Orion Power Meghnaghat Limited.
As OPL is holding 95% share of OPML, OPL’s profitability shall also increase by 2.80% that is increase in EPS of BDT. 0.19
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