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Turkey's Albaraka bank mandates banks for maximum $500 mln sukuk issue

Turkish participation bank Albaraka, owned by Bahrain-based Islamic lender Al Baraka, mandated banks for a sukuk issue worth maximum $500 million it said on Thursday. Albaraka mandated BNP Paribas, Emirates NBD Capital Limited, Standard Chartered Bank and QInvest LLC as joint lead managers for the issue. 

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