Gulf bid drives Albaraka Turk murabaha sukuk triumph
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Gulf bid drives Albaraka Turk murabaha sukuk triumph

Albaraka Turk, the Turkish banking unit of Bahrain-based Albaraka, defied doubters on Monday afternoon when it priced its debut sukuk at 7.75%, at the tight end of previous guidance. The $200m murabaha attracted as much as $400m of orders.

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