14.09.2012 - Turkey sukuk to test Gulf appetite to diversify
Turkey's first-ever issue of a sovereign sukuk will test Gulf investors' willingness to leave their comfort zone within the region and settle for lower yields outside it - potentially signalling fresh flows of Gulf money into southeast Asian and African debt. Turkey, rated BB by Standard & Poor's, held investor meetings for the dollar-denominated Islamic bond in several Gulf cities this week. The issue, which could raise up to $1 billion, is expected during the week starting on Sept. 17...........................................Full Article: Source
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