26.04.2013 - Sovereign wealth funds keen on Turkish markets
A $ 500 million sukuk from Turkiye 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. Of the four banks arranging the deal for Turkiye Finans, an Islamic bank majority-owned by Saudi Arabiaís National Commercial Bank, two were based in the Gulf: NCB Capital and Dubaiís Noor Islamic Bank. And Middle Eastern investors dominated buying of the sukuk, taking 51 percent of the deal, which received just under $ 2 billion in orders...............................................Full Article: Source
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