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Turkey sells debut Sukuk dollar bond at 2.803pct yield

Posted on 19 September 2012

Turkey sold $1.5 billion of its first-ever dollar bond compliant to Islamic law. The strong demand for the bond led to the bond price tightening even more than the existing government bond. A majority of the buyers of the bond were said to be investors in the Middle East.
The bond sold at a yield of 2.803%, or 185 basis points over comparable mid-swaps, a benchmark rate that currently is at 0.953%, a person familiar with the deal said………………………………………..Full Article: Source

 
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