Summary
SPV Name:
Albaraka Sukuk Ltd
Notes:
Tier 2 Trust Certificates, Reg S fixed rate resettable tier 2 . Backed by the credit of Albaraka Turk as obligor, was issued by Albaraka Sukuk Ltd. The sukuk will pay a profit rate of 891bps over the five year US dollar mid swap rate.
Profit rate:
10.5%
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