Albaraka Turk to secure $200 mln subordinated loan

ISTANBUL, March 7 Thu Mar 7, 2013 10:33am EST

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ISTANBUL, March 7 (Reuters) - Albaraka Turk mandated four banks to secure a $200 million subordinated loan from international sukuk markets, the bank said in a statement on Friday.

Albaraka Turk is the Turkish subsidiary of Bahraini lender Al Baraka Bank.

 (Writing by Ece Toksabay)

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