Kuveyt Turk issues $350 mln in Islamic bonds

Kuveyt Turk issues $350 mln in Islamic bonds


 

Kuveyt Turk Participation Bank recently issued Islamic bonds amounting to $350 million (sukuk) at a signing ceremony in Istanbul. The participants at the signing ceremony include Capital Markets Board (SPK) President Vedat Akgiray and Kuveyt Turk’s chairman, Mohammad Al-Omar, Vice Chairman Abdullah Tivnikli and CEO Ufuk Uyan, Zaman reported.

They agreed that Islamic bonds were issued taking into account the rising demand for attractiveness of Turkey’s low risk to Is...


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