Bank Asya closes $325m dual currency Islamic facility

Bank Asya this week added momentum to a growing trend among Turkey’s participation banks — as Islamic banks are known in the country — by closing a $201m and €96.5m one year, dual-currency syndicated murabaha facility. ABC Islamic Bank, Emirates NBD Capital, National Bank of Abu Dhabi, Noor Islamic Bank and Standard Chartered were the mandated lead arrangers and bookrunners for the deal.