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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Clifford Chance advises largest cross-border Islamic facility in Indonesia

Posted on 31 May 2011

Clifford Chance advises PT Natrindo Telepon Seluler (AXIS), the Indonesian based subsidiary of Saudi Telecom Company (STC), on a USD1.2 billion multi-sourced Shariah compliant Islamic financing.
The transaction is made up of three distinct facilities: a USD450 million dual currency syndicated facility arranged by Deutsche Bank AG Saudi Arabia Limited and HSBC Saudi Arabia Limited and funded by Deutsche Bank Luxembourg S.A……………………………………….Full Article: Source

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