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Islamic tranche for Saudi Oger's police training

06 October 2011

Read more: [saudi oger] [police] [islamic tranche] [advance payment]

Saudi Oger is considering adding an Islamic tranche to its $2 billion financing package backing construction of police training facilities, after strong interest from Islamic accounts during retail syndication.

The deal comprises an $800 million senior secured term loan, a R3.97 billion ($1.05 billion) advance payment guarantee facility and a $170 million senior unsecured working capital facility provided by Deutsche Bank. Each of the lines is amortising and all...

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