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- 2005/03/29
- 3 min
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Calyon mandated for a US$50 million Syndicated Murabaha Facility for Bank TuranAlem
The size of the facility was increased by 66% from the original US$30 million due to strong demand and oversubscription during syndication. The facility for purchasing and selling of commodities traded on the London Metal Exchange is priced to give a profit margin of 1.00% p.a. above 6M LIBOR. The transaction was well received by a number of major Islamic and conventional financial institutions.
