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Baitak­Turkey issues USD 350 mln sukuk to boost capital

Kuwait Finance House­Turkey Baitak­Turkey announced Tuesday issuance of USD 350 million worth of Islamic bonds, or sukuk, for a 10­year period with a 7.9 percent revenue, a move aimed at boosting the entity's capital. The bonds, the bank's first, will be placed for trading at Ireland stock market, said Abdulaziz…

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