Overview
Commerzbank acts as Joint Lead Manager for Turkey’s second largest sukuk transaction to date. By targeting high-quality investors across the Middle East, Asia and Europe, orders exceeded the target USD350mn issue size by 60%, allowing the client to secure competitive pricing and an unusually diverse investor base.
The Challenge
Kuveyt Turk is one of the two-largest participation banks in Turkey by assets. Majority-owned by Kuwait Finance House, it operates along strict Islamic Finance principles (Shariah law). (source)
