April 24, 2013 / 10:17 AM / in 4 years

Turkiye Finans issues $500 mln sukuk at 3.95 pct -bankers

ISTANBUL, April 24 (Reuters) - Turkish Islamic bank Turkiye Finans issued a $500 million sukuk, or dollar-denominated Islamic bond, at a price of 3.95 percent on Wednesday, bankers said.

The bank, majority owned by Saudi Arabia’s National Commercial Bank, had mandated Citigroup, HSBV, NCB Capital and Noor Islamic Bank for the issue last week. (Writing by Ece Toksabay; Editing by Nick Tattersall)

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