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KFH Turkish unit launches $350m sukuk

Kuwait, October 21, 2011

Kuwait Finance House's Turkish unit Kuveyt Turk has launched a $350 million five-year sukuk issue, according to a document issued by leads.

The paper will carry an initial profit rate of 5.875 percent, which is inside the 6 percent area price whisper which was issued on Wednesday.

HSBC Bank , Liquidity Management House and Standard Chartered are lead managers on the deal.-Reuters




Tags: Kuwait Finance House | sukuk | Turkish unit | Kuveyt Turk |

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