10.11.2011 - First Turkish Sukuk under new regulations
This is the first Turkish Sukuk under the new Sukuk regulations introduced by the Capital Markets Board in Turkey to facilitate Turkish Sukuk issuance. Allen & Overy advised the joint lead managers, HSBC, Standard Chartered, Liquidity Management House, Abu Dhabi Islamic Bank and Commerzbank, and HSBC as certificateholders' representative, on the issue of a $350 million (EUR 247 million) five-year Sukuk by Turkish participation bank Kuveyt Türk Katılım Bankasi, one of the four Islamic banks in Turkey...............................................Full Article: Source
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