| 29.01.2009 - Islamic-style Turkish bonds fail to appeal |
| From FT: Turkey's launch of bonds designed to appeal to Islamic investors fell flat yesterday, raising only a quarter of the 1.89bn Turkish lira ($1.17bn) the Treasury had hoped for. Banks bought TL420.7m and $49.1m worth of the revenue-linked bonds, which rely on income from state bodies such as the airports authority and Turkish Petroleum Corporation rather than on interest rates, the Treasury said..... Full Article: Source |