BUSINESS

Turkish Treasury says to issue lira sukuk on Feb 19

ISTANBUL, Feb 17 (Reuters) - The Turkish Treasury said on Monday it will issue a lira-denominated Islamic bond, or sukuk, on Feb 19."In order to diversify the borrowing instruments, broaden the investor base and increase the domestic savings, Turkish lira-denominated Lease Certificates will be issued," the Treasury said on its web site.The Treasury previously said it would issue a sukuk worth 1.5

Reuters News

February 17, 2014

ISTANBUL, Feb 17 (Reuters) - The Turkish Treasury said on Monday it will issue a lira-denominated Islamic bond, or sukuk, on Feb 19.

"In order to diversify the borrowing instruments, broaden the investor base and increase the domestic savings, Turkish lira-denominated Lease Certificates will be issued," the Treasury said on its web site.

The Treasury previously said it would issue a sukuk worth 1.5 billion lira ($687.74 million) in February. ($1 = 2.1810 Turkish liras)

(Reporting by Seda Sezer; Editing by Nick Tattersall)

((seda.sezer@thomsonreuters.com)(+90 212 350 7051)(Reuters Messaging: seda.sezer@thomsonreuters.com))

Keywords: TURKEY SUKUK