12.07.2011 - Islamic finance: Saudi Telecom’s Axis scores record deal
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
Print