21.10.2011 - Kuveyt Turk prices $350 mln sukuk at par
Kuveyt Turk, the Turkish arm of Kuwait Finance House , has priced its $350m five-year sukuk, lead managers said in a document on Thursday. The paper priced at par with a spread of 447.5 basis points over midswaps and carried a profit rate of 5.875 percent. HSBC Bank , Liquidity Management House and Standard Chartered were bookrunners on the transaction, with Abu Dhabi Islamic Bank and Commerzbank joining the trade in a lead manager capacity..............................................Full Article: Source
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