Summary
SPV Name:
Bereket Varlik Kiralama
Notes:
Oversubscribed, with value of subscription reaching $750m. The Sukuk represents Albaraka Türk's second international Sukuk issuance following the issuance of their Tier 2 Sukuk in 2013.
Investors: 61pc from Middle East, 31pc from Europe and 8pc from Asia. In terms of investors, 80pc were banks and financial institutions, 8pc funds, 6pc hedge funds and 6pc agencies.
Profit rate:
6.25%
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