Unit of Bahrain-based Al Baraka Banking seeks to sell $200 million five-year sukuk by week's end

By Christine Van Dusen

Atlanta, Dec. 13 - Turkey's Al Baraka Turk Participation Bank - a subsidiary of Bahrain-based Islamic lender Al Baraka Banking Group BSC - is hoping to price its planned $200 million offering of five-year sukuk notes (/BB/) by the end of the week, according to a company announcement.

Deutsche Bank, Emirates National Bank, Noor Islamic Bank and QInvest are the bookrunners for the possible deal, which was first announced in November.

The notes are being whispered in the 6% area.

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