DUBAI, June 23 Turkish participation lender
Albaraka Turk plans to complete a benchmark-sized
sukuk issue with a five year lifespan on Monday, a document from
lead arrangers said, with initial pricing thoughts for the deal
The bank, a unit of Bahrain-based Al Baraka Banking Group
, aims to price the transaction in the area of low 6
percent, the document said.
Benchmark sized is traditionally understood to mean in
excess of $500 million.
Order books for the dollar-denominated deal are open.
Emirates NBD, Nomura, Qinvest and Standard
Chartered are arranging the transaction.
(Reporting by David French; Editing by Olzhas Auyezov)