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$200m sukuk eyed

DUBAI: Bahraini lender Al Baraka Bank's Turkish unit plans to issue a $200 million, 10-year subordinated sukuk by the end of April or early May, the Bahraini bank's chief executive Adnan Ahmed Yousif said yesterday.

Al Baraka Turk, which signed a $450m murabaha loan in September, has appointed BNP Paribas, Al Hilal Bank, Barwa Bank, Emirates NBD and Japan's Nomura for the Tier 2 sukuk.



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