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Turkey mandates banks for benchmark three-year sukuk
By Rebecca Melvin
New York, Feb. 12 – The Republic of Turkey has selected banks to market a planned benchmark three-year Islamic bond, or sukuk, according to a syndicate source on Tuesday.
Citigroup, KFH Capital and Standard Chartered Bank have been mandated as bookrunners for the Rule 144A and Regulation S offering.
No word on the timing of the deal was yet available.
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