Vallianz establishes $500m Islamic financing programme

Singapore: Offshore services firm Vallianz Holdings has set up a multicurrency islamic trust certificates issuance programme to raise $500m.
Funds raised will be used for refinancing existing borrowings, financing Shariah compliant investments and general working capital of the firm.
Vallianz has recently announced multiple contract wins in the Middle East, including a $150m charter deal for a PSV last month. [24/12/13]

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