Saturday 28 November 2015

Turkey mandates banks for sukuk issue

Istanbul, September 19, 2013

Turkey mandated banks for its second sovereign sukuk issue in international markets on Thursday and will hold a series of investor meetings from September 23 to October 1 in the Middle East and Asia, the Treasury said.

"HSBC, QInvest and Standard Chartered have been mandated to explore opportunities for a possible lease certificate issuance in the international capital markets," the Treasury said in a statement on its website.

Turkey raised $1.5 billion with its debut dollar-denominated sukuk last September.

Turkey has borrowed $4.2 billion from international capital markets so far this year and plans to borrow a total of up to $6.5 billion through a mix of Eurobond, Samurai and sukuk issues by the end of the year.

The investor meetings will be held in Doha, Dubai, Riyadh, Jeddah, Singapore and Kuala Lumpur. - Reuters

Tags: sukuk | Turkey | Bank | issue | mandate |

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