DUBAI, April 17 Bahraini lender Al Baraka Bank's
Turkish unit plans to issue a $200
million, 10-year subordinated sukuk by the end of April or early
May, the Bahraini bank's chief executive Adnan Ahmed Yousif told
Reuters on Wednesday.
Al Baraka Turk, which signed a $450 million murabaha loan in
September, has appointed BNP Paribas, Al Hilal Bank,
Barwa Bank, Emirates NBD and Japan's Nomura for the
Tier 2 sukuk, which will be callable on year five.
Islamic banks in Turkey are issuing subordinated sukuk to
take advantage of attractive pricing and improve their capital
(Reporting by Bernardo Vizcaino; Editing by Andrew Torchia)