IslamicFinance.de

The successful closure and signing of a US$ 230,500,000 and EUR 115,300,000 Syndicated Dual-Currency Murabaha Financing Facility for Asya Kat?l?m Bankas? A.?. (Bank Asya) was announced by its Initial Mandated Lead Arrangers and its Bookrunners. The Facility was signed on 30 April 2013 and a commemorative event was being held to mark the occasion. Launched at US$ 225 Million, the Facility was oversubscribed to close at US$ 382 Million equivalent with participation from 28 banks from across the globe. It carries a profit rate of 125 bppa over the relevant benchmark. Bank Asya will use the proceeds to expand its financing activities in Turkey.