IslamicFinance.de

Maybank Investment Bank, Public Islamic Bank and RHB Islamic Bank have entered into an agreement with Impian Bebas Sdn Bhd to provide a 15-year, RM1.08 billion syndicated Islamic term financing. Maybank IB was appointed as the coordinating bank and joint lead arranger (JLA) for the Islamic term financing together with Public Islamic and RHB Islamic. Impian Bebas, a joint venture company between KLCC (Holdings) Sdn Bhd and Sapura Resources Bhd, is developing a commercial land known as Lot 91 at Kuala Lumpur City Centre (KLCC) into a mixed commercial development comprising of office tower, convention centre and retail podium.

Three Malaysian banks are to provide property company Impian Bebas Sdn Bhd with a 15-year 1.08 billion ringgit ($298.34 million) syndicated Islamic financing, Maybank Investment Bank Bhd, one of the banks involved, said. Impian Bebas was created from a partnership between property and investmemt groups KLCC Holdings Sdn Bhd and Sapura Resources Berhad. It is to develop a plot of land in central Kuala Lumpur, close to the city's Petronas twin towers. Maybank IB was appointed as the joint lead arranger with Public Islamic Bank Bhd and RHB Islamic Bank Bhd , Maybank said in a statement.