13.05.2010 - Elaf Bank signs Islamic bond issue deals with Indonesian firms
From Tempointeractive.com: Bahrain-based Elaf Bank signed cooperation deals with two indonesian firms today (12/5) for energy projects worth US$84 million (Rp766 billion), which provides the latter parties with financing facilities from islamic bond issue by the bank for the next five years. PT Java Energi Semesta signed a US$62 million deal from bond issue by Elaf to fund gas compressing and refilling station in East java, Karawang (West Java), and Cilegon (Banten Province). While PT Mitra Abadi Raharja will get US$22 million also from bond issue to fund a micro 2X4 megawatt hydropower plant in Jambi Province.............................................Full Article: Source
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