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.