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