Albaraka Turk rounds off sukuk spree with $350m

By Dan Alderson
25 Jun 2014

The final push to issue bonds and sukuk before the start of Ramadan next week saw Albaraka Turk price $350m of five year sukuk this week, capping off a run of dollar sukuk and Turkish deals in June.

Albaraka priced the five year sukuk at 6.25% late on Tuesday, from a $750m book. The Turkish participation bank previously indicated the deal would be benchmark size, but while that is typically $500m for international bonds sukuk arrangers sometimes use the term ...

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