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

Tue, 2010-09-21 13:19 — newsdesk

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.

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http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=387078...