Turkey’s Kuveyt Turk sets talk at 8% area for dollar 10-year sukuk

By Christine Van Dusen

Atlanta, Feb. 8 – Turkey’s Kuveyt Turk Katilim Bankasi AS set initial talk in the 8% area for a dollar-denominated offering of Islamic bonds due in 10 years, a market source said.

KFH Capital, Dubai Islamic Bank, HSBC, Noor Bank, QInvest, Emirates NBD, Kamco and QInvest are the bookrunners for the Regulation S deal.

The company completed a roadshow in November and at that time set the size for the deal at $400 million.

Kuveyt Turk is an Istanbul-based Islamic financial institution.

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