Barwa Bank Acts As Lead Arranger For Ezdan's Debut Syndication
News: Qatar-based Barwa Bank acted as the initial mandated lead arranger for Ezdan Holding Group's first tranche of its US$500mn debut syndication. Mashreq was the bookrunner for the transaction, which closed on March 24 2014. Ezdan opted for an international placement as it aims to tap international liquidity with the same effectiveness and efficiency it enjoys in the local market, according to Ezdan CFO Medhat Abdulmagid (CPI Financial). The proceeds from the financing will be utilised for the completion of key commercial and residential real estate developments in Qatar.