Kuwait Finance House's (KFIN.KW) Turkish unit will launch a $500 million Islamic bond by the end of the year, its chairman said in a statement on Tuesday.
Mohammed Al-Omar said the Islamic lender will issue the benchmark sukuk following the success of Turkey's first Islamic bond offering, from lender Kuveyt Turk in August.
The Kuveyt Turk sukuk fetched a yield of 5.25 percent and was oversubscribed by investors from the Middle East, Asia and Europe.
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