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Kuveyt Turk sells debut ringgit sukuk, applies for 1 bln lira deal

 Turkish participation bank Kuveyt Turk has sold a debut deal of ringgit-denominated sukuk, or Islamic bonds, and has applied for a new 1 billion lira ($376 million) deal, as the lender looks to secure lower-cost financing. Kuveyt Turk, 62 percent owned by Kuwait Finance House , would sell the lira-denominated…

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