Ziraat Katılım Bankası A.Ş. (“Ziraat Participation”, or the “Bank”), has mandated ABC Islamic Bank (E.C.) (“Bank ABC”) as the Coordinator, and Bank ABC, Dubai Islamic Bank PJSC, and Warba Bank K.S.C.P (each an "Initial Mandated Lead Arranger" and “Bookrunner”) to arrange a US$75,000,000 Syndicated Dual Currency Murabaha Financing facility (the “Facility”).
The Facility has been structured as a Shari’a compliant Murabaha facility with a one-year and two days tenor. The Facility will be denominated in USD and EUR and the proceeds from the Facility will be used for general funding purposes.
Syndication was launched on 8th March 2016 and is expected to close in April 2016.