Mandated lead arrangers Barclays Capital, Abu Dhabi Islamic Bank (ADIB) and CIMB Bank have signed a two-year $250 million syndicated Islamic financing for Bank TuranAlem (BTA). It is the bank's largest deal of this type to date, and it is the first Islamic financing signed in Central Asia to secure a two-year tenor.
The syndicated wakala restricted with commodity murabaha financing facility proved popular during syndication, with the original loan request of $150 million being oversubscribed, and the borrower deciding to increase...
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