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BLME completes refinancing deal with Premio
- Middle East: Wednesday, January 07 - 2009 at 15:21
Bank of London and The Middle East, the standalone, London-based shariah-compliant bank, has today announced the successful completion of a £31.5m finance transaction for Premio Group Holdings. BLME arranged and funded the three year transaction to refinance Premio's property portfolio in Mayfair, London. Under the terms of the agreement the owner can draw and repay the facility to manage its property portfolio over the term of the funding using fixed term tranches. This is the first Islamic finance transaction completed by Premio Group Holdings.
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Jeff Florian, Senior ReporterWednesday, January 07 - 2009 at 15:21 UAE local time (GMT+4)
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