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Islamic Finance Briefing - Categorized | Banking, Finance, Property, Projects, Infrastructure more

Turkey’s İş REIT signs $50 million syndicated Murabaha facility

Posted on 28 August 2012

Istanbul-based İş Gayrimenkul Yatırım Ortaklığı A.Ş (İş REIT) has signed a $50 million Murabaha facility with a syndicate of banks from the GCC. The facility carries a tenor of two 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………………………………………..Full Article: Source

 
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