The proceeds of the facility will be used to re-finance Arcapita's outstanding $210 million multi-currency Sukuk due 2010, as well as for general corporate purposes.
The underwriters for the transaction were Barclays Capital, the investment banking division of Barclays Bank PLC, DBS Bank Ltd, European Islamic Investment Bank Plc, Standard Bank Plc, Standard Chartered Bank and WestLB AG. WestLB acted as the facility agent and Dawnay, Day & Co., Limited is the commodity supplier.
Arcapita seeks alternative investments in the Middle East, the United States, Europe and Asia, and to date, has completed investments with a total transaction value of over $18.3 billion.
The study takes into account premium office rents of Dubai International Financial Centre (DIFC) and Abu Dhabi Global Markets (ADGM)
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