Wednesday 21 September 2011

CAPITAL MARKETS - Market Review

BLOOMBERG.COM - TURKIYE FINANS KATILIM BANKASI AS: The Turkish bank owned by the National Commercial Bank of Saudi Arabia plans to sell at least $300 million of Islamic bonds this year, chief executive Yunus Nacar said. Turkiye Finans will sell the securities in the second half, Nacar said.
KUVEYT TURK KATILIM BANKASI AS: The Turkish unit of Kuwait Finance House (KFIN) KSC plans to sell five-year sukuk, Ufuk Uyan, the bank’s CEO said, without elaborating on when the offering will take place. Uyan said in August 2010 the Istanbul-based lender would sell more than $100 million of sukuk in 2012. 
ALBARAKA TURK KATILIM BANKASI AS (ALBRK): The Istanbul-based lender hired banks to sell $180 million of sukuk outside Turkey, CEO Fahrettin Yahsi said in an interview. Islamic banks in Turkey may sell as much as $1 billion of sukuk this year, Yahsi told Bloomberg HT television May 30.  
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Source : http://www.bloomberg.com/news/2011-09-20/tenaga-nasional-midciti-indonesia-saudi-islamic-bond-alert.html  - Sept 20, 2011