Indonesia’s Axis completes $1.2 billion deal -One of the biggest and most complex Islamic financing was completed last month after nearly two years’ work.
The Indonesian subsidiary of Saudi Telecom raised $1.2 billion through a triple-tranche transaction that involved China’s development bank, Sweden’s export credit agency and the World Bank. The financing required a Shariah-compliant structure that included a political risk guarantee and risk management solutions to mitigate currency and interest-rate risks..............................................Full Article: Source
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