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Turkey hopes new sukuk will become benchmark

Posted on 20 September 2012

Turkey’s Sept 18 sovereign sukuk issue could be a benchmark for future issuances and attract investors from the Middle East, says Deputy Prime Minister Babacan. The Islamic paper was five times oversubscribed.
Turkey could see a flurry of Islamic bonds in the coming years, as the country’s landmark $1.5 billion sovereign sukuk on Sept. 18 set a benchmark for future issuances. The issue was oversubscribed by more than five times, with a yield of 2.8 percent and maturing in 2019, bringing in more than $8 billion………………………………………..Full Article: Source

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