Turkey to issue euro- and dollar-denominated bonds and sukuks

The treasury will issue debt instruments to diversify financing tools and widen the investor base, it also said.

  

ISTANBUL- The Turkish Treasury said on Wednesday that it will issue one-year fixed-coupon euro- and U.S. dollar-denominated sukuks and bonds to corporate investors on May 27.

In a statement, the treasury said the euro-denominated sukuk and government debt security will have a 1.25% periodic rate every six months and the dollar-denominated debt securities will have a 1.75% six month rate payment for investors.

The treasury will issue debt instruments to diversify financing tools and widen the investor base, it also said.

(Reporting by Ali Kucukgocmen Writing by Ezgi Erkoyun Editing by Daren Butler) ((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))