The transaction represents the first issuance as part of the Comminiqué on Lease Certificates and has created $350 million worth of derivative funds for a five year period that will be primarily used for project financing.
Present at the signing ceremony and press conference for this second Sukuk issuance were Capital Market Board Chairman Vedat Akgiray, Kuveyt Türk Chairman Mohammed Al-Omar, Vice Chairman Abdullah Tivnikli and CEO Ufuk Uyan. The event was also attended by officials from the lead arranging banks; Abu Dhabi Islamic Bank, Commerzbank, HSBC, Liquidity Management House and Standard Chartered Bank……………………………………….Fll Article: Source