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Albaraka unit postpones Turkish Sukuk

Posted on 19 December 2011

The Turkish unit of Bahrain’s Albaraka Banking Group has postponed its planned $200 million Sukuk issue. Albaraka had previously said on Dec 11 that it hoped to raise $200 million in an Islamic bond by the end of the week, citing interest from Asian and Arab Gulf investors.
Last month, Albaraka Turk Katilim Bankasi had mandated Deutsche Bank, Emirates NBD, Noor Islamic Bank and QInvest for the Sukuk. It appears the issuance has been postponed because the yields investors expected were too high………………………………………..Full Article: Source

 
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