Originally launched at $100,000,000 and following a successful syndication in which the MLA were joined by Kuwait Finance House and Abu Dhabi Islamic Bank as Senior Lead Arrangers, May Bank as an Arranger, Khaleeji Commercial Bank as Manager, and Mega Bank ICBC as participant , the syndication closed oversubscribed.
The Facility will be used for general corporate purposes including the funding of several prestigious ongoing projects in Kuwait and other GCC countries.
The tenor of the Facility is 1 year.
'Al Tijaria' is a listed Kuwaiti Shareholding Company (KSC) engaged in the development of properties in Kuwait and other GCC countries. No further details are available.
Commercial Real Estate Company closes $155,000 term facility
BNP Paribas, Liquidity Management House -a fully owned subsidiary of Kuwait Finance House and Emirates NBD (the 'Initial Mandated Lead Arrangers') and BNP Paribas and Liquidity Management House (the 'Bookrunners') are pleased to announce that they have successfully closed syndication of the $155,000,000 Secured Master Murabaha Facility for Commercial Real Estate Company K.S.C.C. ('Al Tijaria').
- Kuwait: Saturday, October 25 - 2008 at 12:52
- PRESS RELEASE
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Posted by Eman HassanSaturday, October 25 - 2008 at 12:52 UAE local time (GMT+4)
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