Unit of Bahrain's AlBaraka eyes $250m loan - Banking & Finance - ArabianBusiness.com:
"AlBaraka Turk, the Turkish subsidiary of Bahrain-headquartered Islamic lender AlBaraka Bank , has mandated banks to arrange a $250m syndicated loan, the company said in a statement on Monday.
The sharia-compliant, dual-currency facility has been structured as a two-part deal, and proceeds will be used for the bank's financing activities, the statement said.
The profit margin for the one-year tranche is 100 basis points over the relevant benchmark and for the two-year portion it is 135 bps over. Banks looking to join the deal can contribute either U.S. dollars or euros."
'via Blog this'
No comments:
Post a Comment