Turkey seeking to raise US$1.5bn from sukuk and yen issuance
The Republic of Turkey is seeking to raise US$1.5bn from the issuance of sukuk and yen-denominated bonds this year, according to a treasury official. The sovereign, rated Baa3 by Moody's and BBB- by Fitch, is to raise around USD400m-equivalent from the yen-denominated transaction and the rest from the sukuk. The sovereign is aiming to price the sukuk in the fourth quarter of the year, and the yen-denominated deal at some point in the second half of the year, according to the official.
Syndicate
