Bank Asya Hires Banks for $200 Million Syndicated Islamic Loan

Asya Katilim Bankasi AS (ASYAB), a Turkish bank that operates according to Islamic lending rules, hired banks to secure a $200 million, one-year syndicated Islamic loan, or Murabaha facility.

Bank Asya, as the lender is known, hired ABC Islamic Bank, Emirates NBD Capital Limited, National Bank of Abu Dhabi PJSC (NBAD), Noor Islamic Bank PJSC and Standard Chartered Plc (STAN), it said in a statement to the Istanbul Stock Exchange after the market closed yesterday. The loan may be denominated in different currencies, it said.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.