Tuesday, 25 October 2011

TURKEY - CAPITAL MARKETS - Disclosure Bank Asya to Istanbul Stock Exchange for sukuk

bankasya.com.tr - 21.10.2011 - International credit ratings agency Moody's Investor Service has determined Bank Asya’s Sukuk Certificates rating as Ba2 and Fitch Ratings has also determined as B + (exp). (source)

20.10.2011 - In order to diversify and increase of Bank Asya's resources from abroad, Citigroup Global Markets Limited and UBS AG has been authorized for Sukuk issuance in international markets maximum term of 5 years up to USD 300 million. In this context, Bank Asya will begin negotiations with investors. (source)