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
More Finance & Capital Market Stories
- GCC firms seek Egypt investment guarantee
- Qatar c.bank plans $1.1bn in bonds, sukuk
- More support for Islamic banking urged
- Bahrain to set new takaful rules by year-end
- Oman fiscal surplus widens to $1.4bn
- Al khaliji opens new branch in Doha
- Bayzat launches online DBR calculator
- Dubai bourse tops 3,000 for first time in 5 years
- Bahrain mulls solvency rules for Takaful industry
- LuLu Exchange opens 3rd branch in Bahrain