Middle East

Turkey sells $2.5 billion in 5-year sukuk

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DUBAI, June 15 (Reuters) - Turkey sold $2.5 billion in five-year sukuk on Tuesday after the Islamic bonds drew more than $9.3 billion in orders, a document detailing the transaction showed.

The Turkish government U.S. dollar-denominated sukuk were sold at 5.125%, tightened from an initial price guidance of around 5.5%, the document from one of the banks on the deal showed.

Dubai Islamic Bank (DISB.DU), Emirates NBD Capital (ENBD.DU), HSBC (HSBA.L) and Standard Chartered (STAN.L) arranged the deal.

Reporting by Yousef Saba; Editing by Jacqueline Wong

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