Pearl Global lands Tk259cr debt facility from IDCOL, City Bank for RMG expansion
What's the deal? Pearl Global Industries has secured a Tk259 crore (about $21 million) term-loan facility from Infrastructure Development Company Limited (IDCOL)Dealroom has a profile for this one. Try Dealroom → and The City BankDealroom has a profile for this one. Try Dealroom → in Bangladesh. The financing backs two of its concerns: Norp Knit Industries Unit 3Dealroom has a profile for this one. Try Dealroom →, a readymade garment (RMG) manufacturer, and Prudent Fashions Unit 2Dealroom has a profile for this one. Try Dealroom →, a washing facility.
Who did what? City Bank arranged the deal, while IDCOL contributed Tk160 crore in long-term financing at a concessional fixed rate. The two institutions jointly structured a package tailored to both projects, closing it at a ceremony at Sheraton Dhaka.
What's the endgame? Both units are scheduled to begin trial operations in September 2026. The financing is projected to create more than 5,000 jobs and generate roughly $2.271 billion in export revenue over the next 10 years.
Why now? IDCOL has backed energy-efficiency financing in Bangladesh since 2014. The projects are expected to save an estimated 36,504 megawatt-hours of energy and prevent 7,778 tonnes of carbon emissions each year.
The signal: The debt deal sits in the smaller tier of tracked funding rounds, but it reflects how Bangladesh's RMG sector — the country's export engine — is drawing long-term capital toward energy-efficient, lower-emission production. Acting Managing Director SM Monirul Islam said the projects reinforced IDCOL's mandate to strengthen the country's "industrial base and sustainability profile."
Read more: Daily New Nation
Image credit: Jameschen2009
