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Albaraka Turk to start sukuk investor meetings Friday

DUBAI, June 11 (Reuters) – Albaraka Turk , a major unit of Bahrain-based Al Baraka Banking Group , will start fixed income investor meetings in Asia, Europe and the Middle East on Friday, a document distributed by lead arrangers said.

The meeting may lead to a Reg S, U.S. dollar-denominated senior unsecured sukuk offer. In early May, a company official said the issue was expected to be up to $500 million of five-year sukuk.

The bank has picked Emirates NBD , QInvest and Standard Chartered as joint lead managers and joint bookrunners.

(Reporting by Archana Narayanan; Editing by Andrew Torchia)


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