18.04.2013 - Al Baraka Turk plans 10-year, $200 mln sukuk in April/May -CEO
Bahraini lender Al Baraka Bank's Turkish unit plans to issue a $200 million, 10-year subordinated sukuk by the end of April or early May, the Bahraini bank's chief executive Adnan Ahmed Yousif told Reuters on Wednesday. Al Baraka Turk, which signed a $450 million murabaha loan in September, has appointed BNP Paribas, Al Hilal Bank, Barwa Bank, Emirates NBD and Japan's Nomura for the Tier 2 sukuk, which will be callable on year five...........................................Full Article: Source
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