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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Turkey may become major Sukuk source for Gulf investors

Posted on 07 November 2011

Strong demand for a sukuk issued by Turkish bank Kuveyt Turk last month underlines how Turkey may become a major source of Islamic bonds for Gulf investors who are keen to diversify geographically.
The $350 million sukuk, issued at par and carrying a profit rate of 5.875 percent, was only the second sukuk issued from Turkey. But it attracted orders totaling over $550 million ΜΆ and Gulf investors accounted for nearly 70 percent of final subscribers, according to data released by the lead arrangers………………………………………..Full Article: Source

 
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