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Published on 11/18/2015 in the Prospect News Emerging Markets Daily.

Turkey’s Albaraka whispers dollar-denominated sukuk at 10% yield

By Christine Van Dusen

Atlanta, Nov. 18 – Turkey’s Albaraka Turk Katilim Bankasi AS whispered its dollar-denominated sukuk at 10%, a market source said.

Standard Chartered Bank, Barwa Bank, Dubai Islamic Bank, Emirates NBD Capital, Nomura International, Noor Bank and QInvest are the bookrunners for the Regulation S deal.

Other details were not immediately available on Wednesday.

The issuer is an Istanbul-based lender.


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