BD Finance signs MoU with SIG to mobilise US investors into Bangladesh’ projects

09 Apr

BD Finance signs MoU with SIG to mobilise US investors into Bangladesh’ projects

SIG is a global financing company that works with project sponsors and multilateral development Banks, and national and local governments.

Bangladesh Finance and Investment Company signed a Memorandum of Understanding (MoU) with US-based Sovereign Infrastructure Group (SIG) to mobilize US capital market investors into Bangladesh infrastructure projects.

With a project pipeline of more than $2 billion, BD Finance has mandated SIG on the following initial financing: Direct senior loan of $40 million to be used for on-lending to Small and Medium Enterprises (“SMEs”), green energy projects, women entrepreneurs, social housing, economic empowerment initiatives for transgender individuals, and the refinancing of existing BD Finance obligations. 

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