Friday, 7 October 2011

CAPITAL MARKETS - Kuveyt Turk will offer USD 350 million sukuk to investors abroad

businessweek.com - Oct. 7 (Bloomberg) -- Turkiye Garanti Bankasi AS, Turkey’s biggest bank by market value, got approval from the market regulator to offer 2 billion liras ($1.1 billion) of bonds.  (source)



TC Ziraat Bankasi AS, the country’s biggest state-owned lender, applied to sell 4 billion liras of bonds, the Ankara- based regulator said in a statement on its website today. Kuveyt Turk Katilim Bankasi AS also applied to offer $350 million of Islamic bonds, or sukuk, to investors abroad, according to the statement.

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net

Source : http://www.businessweek.com/news/2011-10-07/garanti-gets-regulator-approval-to-sell-2-billion-liras-of-bonds.html  - Oct 7, 2011