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Turkish banks bond with new investors

Posted on 01 October 2010

From Businessneweurope.eu: Turkish banks have long been regular participants in the international syndicated loan markets, but in recent months they have begun to explore other avenues in the global debt markets. Among the recent highlights has been the first ever sukuk issue by one of the country’s Islamic banks, while leading conventional lender Akbank has tapped both the Eurobond and securitisation markets.
The $100m, three-year sukuk offering from Kuveyt Turk Participation Bank was the first ever Islamic bond issue by a European bank and is expected to be followed by transactions from other of Turkey’s other Islamic finance institutions, dubbed participation banks……………………………………….Full Article: Source

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