Markets

Turkish says to issue $672mn in lira denominated sukuk on Sept 27

Published September 26, 2016 Updated September 26, 2016 07:10pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

ANKARA: Turkey will issue two lira-denominated sukuk bonds on Sept. 27 worth a planned 2 billion lira ($672 million) to diversify its borrowing instruments, broaden its investor base and increase domestic savings, the Turkish Treasury said on Monday.

The sukuk bonds will mature on Sept. 26, 2018 and Sept. 22, 2021, the treasury said in a statement.

Read Comments