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MIGA covers Murabaha Facility for Indonesia telecoms expansion

Tue, 2011-06-21 23:48 — newsdesk

The Multilateral Investment Guarantee Agency (MIGA) has given $450 million in investment guarantees to support the expansion of telecommunications services in Indonesia.
MIGA’s guarantees are backing a $450 million Murabaha financing facility underwritten by Deutsche Bank and Saudi British Bank (SABB). The new financing is going to help the company increase network quality, expand coverage, and build more network capacity.

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http://www.cpifinancial.net/v2/News.aspx?v=1&aid=8324&sec=Islamic%20Finance