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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

KFH unit’s second Sukuk stirs delight in Turkish markets

Posted on 07 November 2011

Ufuk UyanAs Kuveyt Turk Participation Bank (KTPB) ponders the successful closure last week of its $350 million 5-year Sukuk Al-Ijara, its second issuance to date, there is already talk of future forays into the global financial market to raise even longer term funding subject to the usual caveats of timing and market conditions.
Ufuk Uyan, the chief executive officer of Kuveyt Turk Participation Bank confirmed that “we at Kuveyt Turk are very happy to conclude the second sukuk transaction of Turkey with success and pave the way for future issuances………………………………………..Full Article: Source

 
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