Eagle Proprietary Investments Ltd (‘Eagle’) has acted as Exclusive Financial Advisor to Kuwait-based National Industries Group Holding (‘NI Group’) on a KD 105 million (c. $370 million) Syndicated Exchangeable Murabaha. Proceeds from the facility will be used to pay off NI Group’s maturing $475 million sukuk, due August 16, 2012. The financing marks the first ever successful Islamic Exchangeable transaction in Kuwait.
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