September 13, 2012 / 7:11 AM / 5 years ago

Turkey's Al Baraka signs deal for $450 mln murabaha loan

ISTANBUL, Sept 13 (Reuters) - Bahraini lender Al Baraka Bank’s Turkish unit said on Thursday it had signed an agreement for a $450 million murabaha loan.

The loan will have a maturity of 1 year and will cost Libor/Euribor + 2 percent, the bank said in a statement. (Reporting by Ebru Tuncay, Writing by Ece Toksabay)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below