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Arcapita Bank, a
Bahrain-based investment firm has mandated Bayerische Hypo-und Vereinsbank
AG (?HVB?), Standard Bank Plc (?SB?) and WestLB AG, London Branch (?WestLB?)
(together the ?Mandated Lead Arrangers?), to arrange a Five Year
Multicurrency (US$, ? and ?) Murabaha-backed Sukuk. Sukuk will have a
five-year bullet maturity and proposed pricing three month LIBOR +175bps.
Remark: Sukuk has developed
as one of the most significant mechanisms for raising finance in the
international capital markets through Islamically acceptable structures.
Multinational corporations, sovereign bodies, state corporations and
financial institutions use international sukuk issuance as an alternative to
syndicated financing.
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