Turkey’s Islamic bond market is gathering momentum as companies from the national airline to the biggest telephone operator plan offerings after the government sold its first local-currency sukuk.
Turk Hava Yollari AO, or Turkish Airlines, and Turk Telekomunikasyon AS (TTKOM) have contacted banks that may be hired for a sale, people familiar with the matter said yesterday. The government raised 1.62 billion liras ($904 million) from its first sale of lira-denominated sukuk……………………………………….Full Article: Source