Regulatory Alerts2013-12-15
Added · Updated
FE Circular No. 15: Interest rate on borrowing from Export Development Fund (EDF)
Bangladesh Bank reduces the interest rate charged to Authorized Dealers on Export Development Fund loans from six-month USD LIBOR plus 1% to six-month USD LIBOR plus 0.50%. Authorized Dealers are required to charge exporter-borrowers an interest rate of six-month LIBOR plus 1.50% instead of the previous 2.50%. These reduced rates apply to disbursements made over the next six months from the date of the circular.
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