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 the...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the latest news and analysis for two days
(excluding some surveys and articles). Start your free trial today.
