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LankaBangla Finance to issue 1.5B taka of commercial paper

LankaBanglaFinance Ltd. said it will issue 1.5 billion Bangladeshi taka worth of commercial paper.

Proceeds from the issuance will be used to meet thecompany's ongoing financing requirements, LankaBangla Finance said in a Sept.29 release.

As of Sept. 29, US$1was equivalent to 78.38 Bangladeshi taka.