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Kuveyt Türk’s dollar sukuk talked at 6%

Kuveyt Türk Participation Bank has released price talk at 6% yield area for a dollar five year sukuk. The deal will be no larger than $350m. It will incorporate a change of control put option exercisable if Kuwait Finance house ceases to own at least 51% of Kuveyt Türk. Books for the deal are open and the note is expected to be priced this week.

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