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BRIEF-Bank ABC says BISB closes $101 mln syndicated financing facility
September 24, 2017 / 12:27 PM / 3 months ago

BRIEF-Bank ABC says BISB closes $101 mln syndicated financing facility

Sept 24 (Reuters) - ARAB BANKING CORPORATION:

* BAHRAIN ISLAMIC BANK (BISB) CLOSES DEBUT $101 MILLION 1-YEAR SYNDICATED MURABAHA FINANCING FACILITY

* BANK ABC ACTS AS SOLE BOOKRUNNER AND COORDINATOR OF THIS FACILITY

* FACILITY WAS INITIALLY LAUNCHED FOR $50 MILLION, BISB DECIDED TO UTILISE SIGNIFICANT OVER-SUBSCRIPTION TO INCREASE FACILITY SIZE TO $101 MILLION Source: (bit.ly/2hnFZG8) Further company coverage: (Reporting by Ateeq Shariff)

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