Dhaka, Aug. 31 -- Standard Chartered Bangladesh executed a USD 29 million interest rate swap (IRS) for Renata PLC, one of Bangladesh's leading pharmaceutical companies. The bespoke structure helps Renata manage interest rate volatility on its term loan, ensuring cost certainty and financial resilience.

The transaction agreement was signed by Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh, and Syed S. Kaiser Kabir, Managing Director, Renata PLC. Several senior representatives from both organisations attended the signing ceremony, including Faria Kabir, Head of Corporate Coverage, Corporate & Investment Banking (CIB)and Sabah Saleheen Azim, Head of Markets and Corporate Sales, from Standard Chartered Bangladesh an...