| Albaraka Turk Participation Bank (ABTP), which is part of the Bahrain-incorporated Albaraka Banking Group (ABG), is set to close its debut Sukuk offering this coming week after finishing a roadshow targeting a limited private investor base.
In an interview with Saudi Gazette, a senior Albaraka Turk official confirmed that the Bank hopes to raise up to US$200 million through this Tier 2 Subordinated Sukuk Al-Murabaha issuance. The Sukuk is being issued by ABT Sukuk Ltd, a Cayman Islands registerrd special purpose vehicle (SPV), owned by ABTP, which is also the obligor...............................................Full Article: Source
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