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Article: arcapita raises us$1.1 billion in oversubscribed murabaha offering
- Article from:
- Al Bawaba
- Article date:
- April 16, 2007
CopyrightCopyright 2007 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Arcapita Bank B.S.C.(c), a leading international investment firm
headquartered in Bahrain, is pleased to announce that having
generated a total demand of more than US$1.3 billion for its five
year Syndicated Murabaha Facility, the issue was increased in size
from its initial target amount of US$500 million and has closed at
US$1.1 billion.
The proceeds of the Facility will be used to re-finance Arcapita's
outstanding US$210 million Multicurrency Sukuk due 2010, as well as
for general corporate purposes.
The underwriters for the transaction were Barclays Capital, the
investment banking division of Barclays Bank PLC, DBS Bank Ltd,
European Islamic Investment Bank Plc, Standard Bank Plc, ...