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By Sudip Roy
LONDON, March 23 (IFR) - The Republic of Turkey has appointed banks to arrange a global investor call and investor meetings for a US dollar sukuk, according to a lead.
The sovereign has hired HSBC as structuring bank for the deal. Dubai Islamic Bank and Standard Chartered will jointly lead the trade with HSBC.
A global call will take place on March 27 while investor meetings will be held in the UAE on March 28.
A benchmark 144A/Reg S sukuk with a tenor from five to eight years will follow.
Turkey is rated Ba1 by Moody's (negative) and BB+ by Fitch (stable).
(Reporting by Sudip Roy, Editing by Helene Durand) ((sudip.roy@thomsonreuters.com; +44 20 7542 4617; Reuters Messaging: sudip.roy.thomsonreuters.com@reuters.net))
LONDON, March 23 (IFR) - The Republic of Turkey has appointed banks to arrange a global investor call and investor meetings for a US dollar sukuk, according to a lead.
The sovereign has hired HSBC as structuring bank for the deal. Dubai Islamic Bank and Standard Chartered will jointly lead the trade with HSBC.
A global call will take place on March 27 while investor meetings will be held in the UAE on March 28.
A benchmark 144A/Reg S sukuk with a tenor from five to eight years will follow.
Turkey is rated Ba1 by Moody's (negative) and BB+ by Fitch (stable).
(Reporting by Sudip Roy, Editing by Helene Durand) ((sudip.roy@thomsonreuters.com; +44 20 7542 4617; Reuters Messaging: sudip.roy.thomsonreuters.com@reuters.net))