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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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