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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends more

Gulf investors dominate Turkish sukuks’ flood

Posted on 26 April 2013

$500 million sukuk from Türkiye Finans this week was just the latest in a flood of international debt issues from Turkey. But the identity of the arranging banks, and the investors who bought the issue, pointed to a shift in capital markets.
Middle Eastern investors dominated buying of the sukuk, taking 51 percent of the deal, which received just under $2 billion in orders. And of the four banks arranging the deal for Türkiye Finans, an Islamic bank majority-owned by Saudi Arabia’s National Commercial Bank, two were based in the Gulf: NCB Capital and Dubai’s Noor Islamic Bank………………………………………..Full Article: Source

 
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