REAL ESTATE - QInvest advises Turkey REIT on $50mn ‘murabaha’ finance facility

www.gulf-times.com - QInvest has advised a Turkey-based Real Estate Investment Trust (REIT) on the latter’s $50mn syndicated ‘murabaha’ finance facility.
QInvest acted as sole book runner and structuring advisor to İş Gayrimenkul Yatırım Ortaklığı (İş REIT), which entered into a financing agreement with a syndicate of banks from the Gulf Cooperation Council (GCC).
The finance facility carries tenure of two years and a profit rate of Libor +250 basis points.  (source)

REAL ESTATE - İş REIT Signs US$ 50 million Syndicated Murabaha Facility

www.qinvest.com -

• 2-year syndicated US Dollar Murabaha facility.
  
• QInvest acting as Sole Bookrunner and Structuring Advisor.
  
• Qatar Islamic Bank acting as Initial Mandated Lead Arranger with Barwa Bank, First Gulf Bank and Mashreq Bank as Mandated Lead Arrangers.

İş Gayrimenkul Yatirim Ortakligi A.S (“İş REIT” or the “Company”) has signed a US$ 50 million Murabaha facility with a syndicate of banks from the GCC. The facility carries a tenor of 2 years and a profit rate of LIBOR +250 bps.

QInvest acted as Sole Bookrunner and Structuring Advisor to İş REIT. Qatar Islamic Bank was the Initial Mandated Lead Arranger and is also acting as the Investment Agent with Barwa Bank, First Gulf Bank, Mashreq Bank taking the Mandate Lead Arranger roles. (source)

FINANCE - Barwa Bank offering three-year, capital protected Islamic notes

www.gulf-times.com - Barwa Bank is offering a “unique” Shariah-compliant three-year capital protected notes linked to the Turkey and Indonesia equity markets until June 21.
“The Turkey Indonesia Equity Capital Protected Note is an investment opportunity for investors seeking potentially higher returns with 100% capital protection.
The growth is based on the performance of a selected basket of stocks in two high growth emerging markets- Indonesia and Turkey. (source)