IslamicFinance.de

The list following borrowers are anticipated to sell Islamic bonds: Indonesia, ABU DHABI NATIONAL ENERGY CO, QATAR INTERNATIONAL ISLAMIC BANK (QIIK), TENAGA NASIONAL BHD. (TNB), MIDCITI RESOURCES SDN BHD., AL HILAL BANK, EMERY OLEOCHEMICALS GROUP, PT BANK MUAMALAT INDONESIA, INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT CORP., ACWA POWER INTERNATIONAL, ISLAMIC BANK OF THAILAND, PT BANK SYARIAH BRI, Russia, Senegal, TOURISM DEVELOPMENT & INVESTMENT CO., KUVEYT TURK KATILIM BANKASI AS and many others.

ACWA Power International announced the implementation of its inaugural corporate credit facility structured on Murabaha basis ("Facility"). Standard Chartered was co-ordinator for the facility. The Facility is appreciated at up to US$300 million.
Besides the fact that it is the maiden medium term murabaha facility at the corporate level, the fact that it is secured by its own balance sheet without any shareholder credit supports is a testament to the confidence in ACWA Power's capability, capacity and credit standing.