Biman Bangladesh Airlines Ltd

Office of the Controller of Accounts

Ref- DACAW/PDP/787-8/2014/ Date- 24/11/2014

General Manager
Public Relation
Biman, Balaka
Dhaka,

Subject: - Floating RFP for PDP financing loan for 4 (four) Boeing 787-8 aircrafts.

As per management approval, you are requested to float the notice of the RFP
schedule of PDP financing in one Bangla and two English newspapers of Bangladesh
and one worldwide circulated English newspaper “Air France Journal “and “Flight
International magazine” of United Kingdom. Please treat the matter as urgent.

A S M Monjur Emam
Controller of Accounts
Biman, Balaka, Dhaka

Encl.- As stated above

cc- MD & CEO, Biman, Dhaka

cc- Director, Planning, Biman, Dhaka

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 Biman Bangladesh Airlines Ltd
Office of the Controller of Accounts

Ref- DACAW/PDP/787-8/2014/ Date- 24/11/2014

General Manager
CMIS
Biman, Balaka
Dhaka,

Subject: - Floating RFP for PDP financing loan for 4 (four) Boeing 787-8
aircrafts.

The schedule of RFP for PDP financing loan is forwarded to you to upload the same
in the website of Biman. Please treat the matter as urgent.

A S M Monjur Emam
Controller of Accounts
Biman, Balaka, Dhaka

Encl. - As stated above

Cc- MD & CEO, Biman, Dhaka

Cc- Director, Planning, Biman, Dhaka

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Ref: - DACAW/ PDP/787-8/2014/ Date – 24/11/2014

Notice of Request for Proposal (RFP)

PDP (Pre-Delivery Payment) for financing 04 (four) 787-8 aircraft
01. Biman Bangladesh Airlines Ltd. (“Biman”) signed purchase agreements with Boeing
Company (“Boeing”) for Procurement of 04 (four) 787-8 aircraft. The scheduled delivery of four
787-8 aircraft are October 2019, November 2019, January 2020 and February 2020. Pursuant to the
terms of agreement, the Pre-Delivery Payment (“PDP”) for the four 787-8 aircraft are to be made
in a number of installments commencing 54 months prior to delivery of each aircraft. The details of
the PDP with due dates of installments that Biman has to make and other terms and conditions are
shown in the RFP schedule and annexure -“A” of RFP schedule. The RFP schedule and Annexure
“A” are available in the Biman’s Website” Biman-airlines.com”. Biman seeks loan offers from
reputed financial institutions of home and abroad for PDP financing under a loan.

02. Basic requirements of Financing are mentioned below –

Purpose of Financing Term loan to finance PDP (pre-delivery Payment) of 4(four)
Boeing 787-8 aircrafts.
Estimated Amount of USD 136.05million
Financing
Term of Loan 54 months i:e from drawdown of PDP , as specified at
Annexure “A” to the delivery of respective aircrafts or any
other extended period, thereafter, as mutually agreed upon.
Currency of Financing U.S Dollar

03. In your proposal, you are requested to:

(a) Include interest rate derivatives such as swaps, forward start swap, collars or caps etc. if any,
(b) Identify in detail the financing structure including any tax implications;
(c) Identify in detail and cap all margins as well as fees and expenses such as commitment fee,
management fee, agency fee, and out of pocket costs/expenses required to be paid by Biman;
(d) Provide general background information on the institution including specific experience in providing
Government supported financing;

(e) Identify key team members who will be the primary focal point for this transaction;

04. The Proposal (s)/Offer(s) should be submitted at the latest by 1000 hours BST (0400 hours UTC) on
07 Jan. 2015 addressed to Controller of Accounts, Biman Bangladesh Airlines Ltd., Head Office, Balaka,
Dhaka, Bangladesh through Courier Service or e-mail at pdp-787-8@bdbiman.com. The proposal(s)/offer(s)

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will be opened on the same day immediately after the closing time. No proposal/offer would be accepted
after the closing time and date. Biman Bangladesh Airlines Ltd. will not be responsible for late receipt of any
proposal/offer due to any reason whatsoever.

05. Biman Bangladesh Airlines Ltd. reserves the right to accept or reject any or all proposal(s)/offer(s)
partly or wholly at any time and/or stage without assigning any reason whatsoever and no claim shall be
entertained in this regard.

06. Biman Bangladesh Airlines appreciates your interest in considering financing support for these
transactions. Should you have any additional requirements for information, please contact Controller of
Accounts, Biman Bangladesh airlines Ltd. at the e-mail address controller@bdbiman.com or office phone
number +8802-890-1590 or mobile phone +8802-011-9042-0627.

A. S. M. Monjur Emam FCMA

Controller of Accounts
Biman, Balaka, Dhaka

Request for Proposal (RFP) Schedule

PDP ( Pre-Delivery Payment) for financing 04 (four) 787-8 aircraft

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 1. Biman Bangladesh Airlines Ltd. (“Biman”) signed purchase agreements with Boeing Company
(“Boeing”) for Procurement of 04 (four) 787-8 aircraft.

The scheduled delivery of four 787-8 aircraft are October 2019, November 2019, January 2020 and
February 2020. Pursuant to the terms of agreement, the Pre-Delivery Payment (“PDP”) for the four 787-8
aircraft are to be made in a number of installments commencing 54 months prior to delivery of each aircraft.
The details of the PDP with due dates of installments that Biman has to make are shown in the annexure -“A”
of RFP schedule.

1. “Biman” seeks loan offers from reputed financial institutions for “PDP” financing under a loan,
details of which are set out below:

(a) Aircraft : Four Boeing 787-8 aircraft

(b) Delivery Dates : October 2019 , November 2019,

January 2020 and February 2020.

(c) Purpose of Financing : Term loan to finance PDP (Pre-Delivery Payment)

scheduled to be paid to Boeing.
Payment shall start from April 2015 and continue up
to February 2018 (listed in Annexure -“A”).

(d) Estimated Amount of : USD 136,042,280

Financing

(e) Borrower/Lessor : A direct loan with no SPV in which case the Borrower
is Biman Bangladesh Airlines Ltd.

(f) Guarantor : Ministry of Finance, Government of Bangladesh.

The Ministry of Finance has agreed, in principle, for
providing Sovereign Guarantee for the purpose of
PDP Financing of the aforementioned 04 (Four) 787-8
aircraft. The final commitment is contingent upon
accomplishment of required formalities by the
Government of Bangladesh.

(g) Term of Loan : 54 Months i.e. from drawdown of PDP, as specified at

annexure-“A”, to the delivery of respective aircraft or
any other extended period, thereafter, as mutually
agreed upon.

(h) Financing interest : 3 month floating rate payable in every 3 months from
the date of drawdown or on any interest payment date
thereafter.

(i) Currency of Financing : US dollars

(j) Legal Fees : To be determined and capped in the offer.

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 k) Other Documentation : To be agreed with Biman and the Government of
Terms and Conditions Bangladesh

(l) Cape Town Convention : The Government of Bangladesh has acceded to the
Ratification Treaty in December 2008.

(m) Sovereign Guarantee : The Government of Bangladesh shall provide a

sovereign Guarantee in favor of the financial
institution in support of the loan.

(n) Validity of Offer : Offer must be valid for 180 days ,after the offer Due
Date listed below.

(o) Transaction Timetable

By 25Nov 2014 : Floated RFP in the daily newspaper and

Biman website.
By 07 Jan’2015 : Offer Due Date to Biman

03. In your proposal, you are requested to:

(a) include interest rate derivatives such as swaps, forward start swap, collars or caps etc. if any,
(b) identify in detail the financing structure including any tax implications;
(c) identify in detail and cap all margins as well as fees and expenses such as commitment fee,
management fee, agency fee, and out of pocket costs/expenses required to be paid by Biman;
(d) Provide general background information on the institution including specific experience in
providing Government supported financing;
(e) identify key team members who will be the primary focal point for this transaction;

04. The Proposal (s)/Offer(s) should be submitted at the latest by 1000 hours BST (0400 hours UTC) on
-07 Jan’ 2015 addressed to Controller of Accounts, Biman Bangladesh Airlines Ltd., Head Office, Balaka,
Dhaka, Bangladesh through Courier Service or e-mail at pdp-787-8@bdbiman.com. The proposal(s)/offer(s)
will be opened on the same day immediately after the closing time. No proposal/offer would be accepted
after the closing time and date. Biman Bangladesh Airlines Ltd. will not be responsible for late receipt of any
proposal/offer due to any reason whatsoever.

05. Biman Bangladesh Airlines Ltd. reserves the right to accept or reject any or all proposal(s)/offer(s)
partly or wholly at any time and/or stage without assigning any reason whatsoever and no claim shall be
entertained in this regard.

06. Biman Bangladesh Airlines appreciates your interest in considering financing support for these
transactions. Should you have any additional requirements for information, please contact Controller of
Accounts, Biman Bangladesh airlines Ltd. at the e-mail address controller@bdbiman.com or office phone
number +8802-890-1590 or mobile phone +8802-011-9042-0627.

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 Annexure -“A”

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 Month of Delivery position of 787-8 aircraft

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 intallments October November January February Total
Due 2019 2019 2020 2020
4,677,8
April 2015 00 $ 4,677,800
4,688,6
May 2015 00 $ 4,688,600
4,710,2
July 2015 00 $ 4,710,200
4,720,6
August 2015 80 $ 4,720,680
5,847,
October 2015 250 $ 5,847,250
5,860,7
November 2015 50 $ 5,860,750
5,887,7
January 2016 50 $ 5,887,750
5,900,8
February 2016 50 $ 5,900,850
5,847,
April 2016 250 $ 5,787,750
5,860,7
May 2016 50 $ 5,860,750
5,887,7
July 2016 50 $ 5,887,750
5,900,8
August 2016 50 $ 5,900,850
5,847,
October 2016 250 $ 5,787,750
5,860,7
November 2016 50 $ 5,860,750
5,887,7
January 2017 50 $ 5,887,750
5,900,8
February 2017 50 $ 5,900,850
5,847,
April 2017 250 $ 5,787,750
5,860,7
May 2017 50 $ 5,860,750
5,887,7
July 2017 50 $ 5,887,750
5,900,8
August 2017 50 $ 5,900,850
5,847,
October 2017 250 $ 5,787,750
5,860,7
November 2017 50 $ 5,860,750
5,887,7
January 2018 50 $ 5,887,750
5,900,8
February 2018 50 $ 5,900,850

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 $
33,676,05 $ $ $
Total 0 33,992,350 34,148,950 34,224,930 $ 136,042,280
-End-

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