BIMAN SECURES EXPORT CREDIT LOAN

JPMorgan has provided a $277 million 12-year loan to Biman Bangladesh Airlines, which was guaranteed by the Export-Import Bank of the United States. The loan, which will purchase two new Boeing aircraft, will be repaid quarterly. Sazzad Anam, head of financial institutions, Bangladesh, JPMorgan’s Treasury Services said: “Following the launch of our representative office in October last year, we have focused on providing our Bangladesh clients with even greater access to J.P. Morgan’s comprehensive suite of global solutions. We look forward to strengthening our partnership with Biman as they continue to ramp up their expansion.”