Bank ABC Islamic

Bank ABC closes a US$320 million syndicated Murabaha financing facility for Kuwait International Bank K.S.C.

Kuwait International Bank K.S.C. has successfully closed a debut syndicated Murabaha financing facility. The Facility was signed on 24 August 2015. Bahrain-based Bank ABC and Bank ABC Islamic acted as the Initial Mandated Lead Arrangers and Coordinating Banks for the Facility. The Facility was initially launched for US$100 million, and following strong interest from the market KIB decided to utilise the significant oversubscription to increase the Facility size to US$320 million. The Facility carries a tenor of 3 years and will be used by KIB for general funding purposes.

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