www.bne.eu - Ankara is finally set to help open the way for Turkish banks and
companies to access Islamic funding by issuing a debut sukuk sovereign
bond, according to reports. The move is partly motivated by recent
difficulties investors have met in raising funds to take part in
infrastructure projects and privatisations.
According to Reuters, which cites unnamed banking sources
speaking on July 5, Turkey is set to mandate HSBC, Citi and Deutsche
Bank to manage the sale of its first sukuk. The issue would set a
benchmark for Turkish borrowers looking to tap a global sukuk market
estimated at more than $100bn, allowing the Muslim, but secular, economy
to diversify its fixed income investor base.
(source)
Showing posts with label sovereign sukukm babacan. Show all posts
Showing posts with label sovereign sukukm babacan. Show all posts
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