FINANCIAL MARKETS - Albaraka Turk plans minimum USD 100 million of notes

Albaraka Banking plans to sell as much as $500 million of sukuk after delaying in 2010, Adnan Ahmed Yousif, the chief executive officer, said in a telephone interview on Jan. 5 from Manama. Albaraka Turk Katilim Bankasi may offer at least $100 million of notes, Chief Executive Officer Fahrettin Yahsi said in an interview in Istanbul yesterday.


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Source : http://www.bloomberg.com/news/2011-01-06/yield-spreads-at-two-year-low-to-revive-sales-islamic-finance.html - Jan 6, 2011