Kuwait International Bank (KIB) has successfully closed a debut syndicated murabaha financing facility. A statement said Bahrain-based Bank ABC and Bank ABC Islamic acted as the initial mandated lead arrangers and co-ordinating banks for the facility, which was signed yesterday (August 24). Initially launched to raise $100 million, strong interest from the market prompted KIB to utilise the significant oversubscription to increase the size to $320 million, said a report in the Gulf Daily News (GDN), our sister publication.

 

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