Kuwait Finance House’s (KFH) sukuk arm has completed a mandate for the Turkish government. Liquidity Management House for Investment, alongside Citigroup and HSBC, advised the Turkish Treasury on its debut sovereign sukuk issue, which had an order book almost five times of the issue size, raising $1.5 billion.
The issue is expected to be a gateway to further sukuk issuances by Turkey with the sovereign issue paving the way for the fast growing sukuk market in the GCC and Malaysia, in addition to new territories and markets………………………………………..Full Article: Source