Bobuyan Bank takes $500 million loan from Asian banks – Reuters

Boubyan Bank (BOUK.KW) has been granted the loan amount of $500 million for three years from a consortium consisting of five Asian banks The Kuwaiti lender disclosed in a filing to the bourse.

Its murabaha facility was purchased at a profit at 90 basis point above the USD LIBOR, Boubyan Bank said in the report that was released on Sunday, and dated Dec. 16.

Mizuho (8411.T) Mizuho (8411.T), Mizuho (8411.T), MUFG (8306.T) and SMBC (8316.T) were lead coordinators. Maybank Malaysia (MBBM.KL) and Bank Islam Brunei Darussalam (BIBD), Malaysia and Brueni’s biggest lenders, respectively, were the lead arrangers.

“The murabaha financing will improve the bank’s requirements for financing and ratios of liquidity,” Boubyan Bank sai

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