CORRECTED-Albaraka Turk to issue $200 mln sukuk when conditions appropriate

Posted by on Jun 20th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Bahraini lender Al Baraka Bank's Turkish unit is working on the issue of a $200 million sukuk, Al Baraka Turk general manager Fahrettin Yahsi said on Wednesday. Yahsi explained the sukuk would be issued when market conditions allowed and added that the bank would renew its $450 million murabaha syndication with a higher volume at the end of September.


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