Albaraka Turk prices smaller sukuk with $750m book

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Albaraka Turk prices smaller sukuk with $750m book

Albaraka Turk has priced $350m of five year sukuk at 6.25%, after drawing around $750m of orders. The Turkish participation bank previously indicated the deal would be benchmark size – typically $500m for international bonds, although sukuk arrangers sometimes use the term to describe smaller offerings.

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