RNS Number:1595I
CCH International plc
29 August 2006


Press Release                                                     29 August 2006



                             CCH International Plc

                            ("CCH" or "the Company")

    CCH enters into a Sharia compliant US$20,000,000 Morabaha facility with
                                   Globexbank

CCH International plc, the trade finance group, is pleased to announce an
agreement between its wholly owned subsidiary CCH Europe GmbH and Globexbank,
Moscow to provide a US$20,000,000 Sharia compliant Morabaha facility; a facility
typically utilised in the supply and sale of goods at an agreed price, plus a
profit mark up. The repayment of the Morabaha facility is guaranteed by
Globexbank. The first two payments totalling US$15,000,000 have already been
funded with the last payment to be made during August / September 2006.

In structuring this transaction, CCH Europe GmbH, acting as the agent for a
Middle Eastern based Islamic bank, has issued the amount of the Morabaha
facility and is the beneficiary under a Standby Letter of Credit issued by
Globexbank.

Eren Nil, Managing Director of CCH International plc commented: "This is the
first Morabaha facility extended to a Russian institution by an Islamic bank.
Islamic financial institutions have virtually no exposure to Russian risk and
therefore the market is of great interest to CCH. Given the size of the Russian
market and its need for liquidity, we are confident of arranging further Sharia
compliant transactions for Russian institutions in the future."



For further information, please contact:
CCH International Plc                                  www.cch-international.com
Eren Nil, Managing Director/                           Tel: +44 (0) 20 8334 0871
Richard Fossett, Director and COO
eren@cch-international.com
r.fossett@cch-international.com

Media enquiries
Abchurch Communications
Heather Salmond / Franziska Bohnke                     Tel: +44 (0) 20 7398 7700
franziska.boehnke@abchurch-group.com                      www.abchurch-group.com





Notes to editors

CCH International offers a range of finance products to institutions and
corporations wishing to raise finance or to sell on trade receivables either
through conventional means or through its own internet based brokerage facility
www.cch-etrade.com.  The Company is listed on the Alternative Investment Market
(AIM) of the London Stock Exchange.  CCH International is also a specialist in
Islamic Finance and has the ability to arrange for Morabaha, Ijara, Istisna and
other compliant facilities.

CCH International has offices in England, Germany and Bahrain, as well as
strategic partnerships / affiliates / relationships in Australia, UAE, Turkey,
and the USA.

Further information on the Company is available at www.cch-international.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCZGGZRMRZGVZZ
Coca-cola Hbc (LSE:CCH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Coca-cola Hbc Charts.
Coca-cola Hbc (LSE:CCH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Coca-cola Hbc Charts.