Dhaka, May 16 -- BRAC Bank has successfully arranged a Tk 5 billion (500 crore) non-convertible, cumulative, fully redeemable preference share facility for United Mymensingh Power Limited, a concern of United Group, marking the largest redeemable preference share transaction in Bangladesh's history.

The transaction was formally celebrated at a signing ceremony held on May 13, 2026, at Crowne Plaza Dhaka Airport. BRAC Bank acted as the Lead Arranger and Agent for the transaction, with participation from The City Bank PLC and Uttara Bank PLC, according to a media release.

Structured over a five-year tenure, the facility has been designed to align the long-term interests of both the issuer and participating investors. The proceeds will sup...