Al Baraka Turk Participation Bank, a subsidiary & the Bahrain - based. Al Baraka Banking Group, is hoping to raise USD 200 million in Islamic sukuk by the end of the week. Adnan Ahmed Yousif, the President and Chief Executive of the Group said: ” We’re in the market for these sukuk and we hope is raise USD 200 million by the end of this week, we have seen interest of Asian and GCC investors”.
“Pricing for the sukuk is very reasonable and competitive. It’s in the 6 percent range,” Yousif added………………………………………..Full Article: Source