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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Albaraka Turk hopes to raise $200mln in sukuk-CEO

Posted on 12 December 2011

Adnan YousifThe Turkish unit of Bahrain’s Albaraka Banking Group hopes to raise $200 million in an Islamic bond by the end of this week and is seeing interest from Asian and Arab Gulf investors, the group’s chief executive said on Sunday.
“We’re in the market for this sukuk and hope to raise $200 million by the end of this week,” Adnan Yousif told Reuters. “Pricing for the sukuk is very reasonable. It’s in the 6 percent range,” Yousif added………………………………………..Full Article: Source

 
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