Back to News page

Turkey's Albaraka mandates banks for $150 mln 2-yr murabaha syndication

  • 09 March, 2015

ISTANBUL, March 9 (Reuters) - Turkish Islamic lender Albaraka Turk ALBRK.IS said on Monday it had mandated banks to issue a two-year murabaha syndication of $150 million.

The bank, a unit of Bahrain-based Al Baraka Banking Group BARKA.BH , made the statement to the Istanbul stock exchange.

(Reporting by Ece Toksabay; Editing by Daren Butler) ((ece.toksabay@thomsonreuters.com; +90 212 3507052; Reuters Messaging: ece.toksabay.reuters.com@reuters.net))

Keywords: TURKEY ALBARAKA TURK/MURABAHA