IDCOL recently participated in a significant financial milestone by contributing to the syndicated debt facilities totaling USD 100 million for RSGT Bangladesh Limited (RSGTBL). The financial closing ceremony took place at The Westin Dhaka on June 23, 2025, marking a crucial step in this financing endeavor.
In this collaboration, IDCOL played a vital role not only as a financier but also as a key player in providing security, serving as the intercreditor, and acting as the global agent for the syndicated financing facility. The Mandated Lead Arranger for this transaction was Green Delta Capital Limited, facilitating the successful execution of this financial arrangement.
The financiers involved in this venture encompass a notable list including IDCOL, the Islamic Corporation for the Development of the Private Sector (ICD), BIFFL, and Pubali Bank PLC. Among the distinguished attendees was Md. Ariful Hoque, Strategic Investment (Additional Charge) at the Bangladesh Investment Development Authority (BIDA), who graced the event as a Special Guest.
RSGTBL, an affiliate of the renowned Red Sea Gateway Terminal Company Limited, secured a 22-year concession to develop and operate the Patenga Container Terminal under a Public-Private Partnership (PPP) model. This milestone marks the inauguration of Bangladesh's first PPP port project and the initial port initiative to attract Foreign Direct Investment (FDI) to the region.
The event saw the presence of esteemed individuals such as Erwin Haaze, the CEO of RSGTBL, Alamgir Morshed, Executive Director and CEO of IDCOL, Jawad Mahmood Khokhar, Unit Manager of Infrastructure, Energy, and Mining at ICD, and representatives from Pubali Bank PLC, including S.M. Anisuzzaman and Mr. Mohammad Ali. Their collective presence underscored the significance of this collaborative effort in advancing the infrastructure and economic landscape of Bangladesh.
