Turkey’s first sovereign sukuk issue was a public relations triumph but it’s been a financial disappointment so far in the secondary market, showing the risks of over-allocating debt deals to a single region.
The $1.5 billion Islamic bond, maturing in 2018 and issued at a profit rate of 2.803 percent, dropped to about 98 cents on the dollar in the secondary market soon after issue in mid-September and has stayed below par since then………………………………………..Full Article: Source