Tue, Sep 16, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Sekerbank readies Turkey’s first covered bond

Posted on 04 April 2011

Mid-sized Turkish lender Sekerbank is in the market with what will be Turkey’s first covered bond deal. The deal is being structured through Unicredit with strong support from the IFC, the private sector development arm of the World Bank, which owns 3% of Sekerbank.
The deal is likely to be five years in maturity and at least EUR200m in size. There will be four tranches: one being sold to private sector investors; one guaranteed by the European Investment Fund, with a Triple A rating; and one each bought directly by IFC and Dutch development agency FMO……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930