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Barwa Bank to co-manageTurkey's $1.5bn sukuk
- Qatar: Tuesday, September 25 - 2012 at 08:32
Qatar's Barwa Bank has been chosen as a co-manager for Turkey's first sukuk transaction worth $1.5bn, Gulf Times has reported. "Turkey is one of the most prestigious issuers in emerging markets and to be appointed by them is a further testament that Barwa Bank is an active and consistent player in debt capital market," said its CEO Steve Troop. The bank had earlier this year acted as co-lead manager for Dubai government's $1.25bn sukuk issue, joint lead manager for Qatar's successful $4bn sukuk, the $800m five-year sukuk for Islamic Development Bank and most recently $500m Emaar issue.
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