Garuda Indonesia | Islamic loan | 05-14 | $100m | Transaction | Airfinance Journal

Garuda Indonesia | Islamic loan | 05-14 | $100m

This is a $100 million Musyarakah-based Islamic financing facility from Bank Internasional Indonesia (BII), through its Maybank subsidiary. The financing has a tenor of three years and the parties claim it is the largest bilateral Islamic financing undertaken in Indonesia, according to a joint statement. The finance will be used to fund the airline's operations and expansion plans.


Deal Categories

Regions:
Southeast Asia
Indonesia
Tagged as:
Islamic

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8