3. Sukuk issuance is available for airport and Kanal Istanbul financing

  1. Sukuk issuance is available for airport financing and Channel Istanbul: Participation Banks Association of Turkey (TKBB) General Secretary Osman Akyuz 3. The airport stated that sukuk issuances could be used for major projects such as Kanal Istanbul.

Participation Banks Association of Turkey (TKBB) General Secretary Osman Akyuz, the Treasury Sukuk (Sukuk) issuance of authorization for the three organizations to investigate the possibilities, "3. There are big projects such as the airport and Kanal Istanbul. Sukuk issues can be used in the upcoming period in financing such projects, ”he said.

Akyüz told Anadolu Agency (AA) that 3 institutions were authorized to investigate lease certificate opportunities and that some meetings were planned in Asia and the Middle East, and the Treasury said, “If we issue a lease certificate, can we evaluate it with a reasonable maturity and price in those markets. ? ” He expressed his thought. Akyüz said, “Last year, the Treasury made a $ 1,5 billion sukuk issuance. He said, "It is on the market in order to catch similar opportunities."

This year February and the issuance of sukuk in August for the internal market is carried out, the Treasury's 3 authority to give the organization Akyuz that you need to evaluate the overseas leg of this work, "Turkey should be active in these markets in the future. Why is that? 3. Because the airport is expected to happen in Turkey, there are big projects such as Channel Istanbul. Sukuk issues can be used in the upcoming period to finance such projects. Such authorizations will be important in researching and developing financing possibilities ”.

Turkey's sukuk market, pointing to the importance of entering into more Akyuz, who is considered the center of Malaysia's sukuk market, adding that most of the infrastructure investments financed through sukuk.

TREASURED 3 GIVEN TO THE ORGANIZATION

The Treasury announced that HSBC, QInvest and Standard Chartered were authorized to investigate lease certificate issuance opportunities in international capital markets, and within this framework, it was planned to hold some meetings with investors at important financial centers in the Middle East and Asia between September 23 and October 1, 2013.

Source : the site www.hurriyet.com.tr

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