Turkey's Al Baraka signs deal for $450 mln murabaha loan

ISTANBUL, Sept 13 Thu Sep 13, 2012 3:10am EDT

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ISTANBUL, Sept 13 (Reuters) - Bahraini lender Al Baraka Bank's Turkish unit said on Thursday it had signed an agreement for a $450 million murabaha loan.

The loan will have a maturity of 1 year and will cost Libor/Euribor + 2 percent, the bank said in a statement. (Reporting by Ebru Tuncay, Writing by Ece Toksabay)