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Istanbul makes the call to funds

Posted on 24 September 2012

The Turkish government is pulling out the stops to persuade asset managers to set up business in the country. Ali Özgü Caneri, investor relations assistant manager at regional airport-management group TAV, said: “The government wants to turn Istanbul into a regional financial centre, like Dubai.
Turkey last week announced its first Islamic government bond, or sukuk, a move that could spur local companies to issue debt in this format too, according to a report in The Wall Street Journal. This will help to build local debt structuring and syndication expertise………………………………………..Full Article: Source

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