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FINANCIAL NEWS
Kuwait’s Warba Bank signs deal with Turkey Ziraat Bank for USD236mln
15 Jul 2017
(MENAFN) Kuwait”s best investment bank and corporate consultancy institution, Warba Bank, signs deal Ziraat Participation Bank of Turkey, for USD236mln.
While Warba Bank acted as the Lead Arranger and Subscription Manager of the deal, it was launched at USD160mln. And because of oversubscription, e deal was increased so as to reach USD236 million, with an increase of 52%. Warba Bank”s share of the deal is USD25 million.
In details, the Murabaha-based financing deal includes both US Dollars and Euros. It will be employed mainly in SME financing and income diversification at the Ziraat Participation Bank of Turkey.
MENAFN1507201700450000ID1095624412
MENAFN1507201700450000ID1095624412
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