Citigroup plans more Islamic bond sales from Turkey; in talks with other sellers

Citigroup plans to arrange more sales of Islamic bonds, or sukuk, from Turkey. Citigroup is having talks with other potential sellers of Shariah-compliant debt in the country, said Hulusi Horozoglu, director of global Islamic banking at Citigroup, in an e-mailed response to questions. Turkey’s government is considering selling sukuk “in the future,” Finance Minister Mehmet Simsek said in an interview.