zawya.com - LONDON -(Dow Jones)- Kuveyt Turk Participation Bank priced its US$ 350 million, five-year sukuk bond, one of the banks running the deal said Thursday. (source)
ADIB, Commerzbank AG, and HSBC Holdings PLC were the lead managers of the deal.
The terms of the transaction are as follows:
- Amount: US$ 350 Million
- Maturity: October 31, 2016
- Profit Rate: 5.875
- Reoffer Price: 100.00
- Payment Date: October 31, 2011
- Debt Ratings: BBB- (Fitch)
- Denominations: US$ 1,000 - By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com
