Turkey’s Albaraka talks 10-year dollar sukuk at 10˝% area yield

By Christine Van Dusen

Atlanta, Nov. 23 – Turkey’s Albaraka Turk Katilim Bankasi AS set initial talk in the 10˝% area for a dollar-denominated offering of Islamic bonds due in 10 years, a market source said.

The notes were previously whispered at about 10%.

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.

The issuer is an Istanbul-based lender.

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