Kuveyt Turk opens books for capital-boosting sukuk

February 8, 2016 5:57 AM

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DUBAI Feb 8 Turkish Islamic bank Kuveyt Turk has set initial price thoughts for a U.S. dollar-denominated, capital-boosting sukuk, a document from lead arrangers showed on Monday.

Kuveyt Turk Participation Bank, 62 percent owned by Kuwait Finance House, has opened books and offered to pay in the 8 percent area for the 10-year, non-call five sukuk, the document showed.

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