January 09, 2006
Shamil Bank of Bahrain B.S.C has signed on January 9th a US$100 million five-year amortising Murabaha syndicated facility.
This transaction follows the success of Shamil Bank’s debut syndicated Murabaha facility for $50 million, which was arranged and underwritten by GIB in 2004.
The transaction was fully underwritten bv the Coordinating Bank, Gulf International Bank B.S.C., together with Boubyan Bank and BNP Paribas, as Mandated Lead Arrangers, who were joined by Commercial Bank of Qatar (Q.S.C.) and Raffeisen Zentralbank A.G. of Austria as sub-underwriters, also with the title of Mandated Lead Arrangers, prior to launch of the general syndication.
Other participants are:
• BAWAG Bank für Arbeit und Wirtschaft Österreichische Postsparkasse Aktiengesellschaft
• MashreqBank
• The Arab Investment Company S.A.A.
• Maybank
• Union de Banques Arabes et Francaises (UBAF)
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