FINANCE - US$ 150,000,000 Dual Currency Syndicated Murabaha Financing Facility

Albaraka Türk Katılım Bankası A.Ş. ("Albaraka Türk") has mandated ABC Islamic Bank (E.C.), Emirates NBD Bank PJSC, Noor Islamic Bank PJSC and Standard Chartered Bank (together the "Initial Mandated Lead Arrangers" and the "Bookrunners") to arrange a US$ 150 Million equivalent Dual-Currency Syndicated Murabaha Financing Facility (the "Facility") on its behalf. Financing under this Facility will be used by Albaraka Türk to expand its financing activities in Turkey. The Facility has a tenor of one year and carries a profit rate of 150 bppa over the relevant LIBOR/EURIBOR.(source)

The facility was launched into general syndication on 29 June 2011, with banks from across the globe invited to participate in the Facility.

Source : http://www.zawya.com/story.cfm/sidZAWYA20110706101249 - July 6, 2011