Bookbuilding will continue on Tuesday because Monday was a

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canada goose ISTANBUL, Sept 17 (Reuters) Turkey is expected cheap Canada Goose to raise $1 1.5 canada goose clearance sale billion through a sovereign sukuk that Canada Goose Outlet will mark the country first foray into the global Islamic bond market, bankers said on Monday. canada goose

canada goose clearance sale The bond, with a maturity of buy canada goose jacket 5 1/2 years, is set to be finalised on Tuesday and will set a benchmark canada goose uk shop for future canada goose clearance sukuk issues canada goose by Turkish banks and companies. canada goose clearance sale

Canada Goose online $1 billion issuance will be a good start for Turkey, said Osman Akyuz, secretary general of the association of banks a term used in Turkey to refer to Islamic banks. Canada Goose online

canada goose store seem at reasonable levels. I expect maturities to be longer in canada goose uk black friday issuances from Canada Goose online now on. canada goose store

Canada Goose sale Bankers Canada Goose sale said demand for the bond was already more than $5 billion and was canada goose black friday sale expected to rise further. Bookbuilding will continue on Tuesday because Monday was a holiday in Malaysia, where there is Canada Goose Parka strong appetite for Islamic bonds. Canada Goose sale

Canada Goose Jackets The Turkish sukuk is also expected to attract strong interest from Gulf investors, who have traditionally focused on their own region. Globally, the Islamic bond market is estimated to be worth Canada Goose sale around $100 billion. Canada Goose Jackets

canada goose coats on sale Bankers said guidance for the bond was revised to 190 200 basis points over canadian goose jacket mid swaps, which equates to around 2.9 percent, from an earlier 200 210 basis points due to the strong demand. buy canada goose jacket cheap That would mark a small but healthy premium to Turkey sovereign Eurobond maturing in 2018, which was trading at around 2.74 percent on Monday. canada goose coats on sale

buy canada goose jacket Turkey, rated by Standard Poor held investor meetings for the Islamic bond in several Gulf cities last week. Citigroup, HSBC and Kuwait canada goose factory sale Liquidity House, a unit of Kuwait Finance Canada Goose Jackets House, are managing the sale. buy canada goose jacket

canada goose black friday sale Prime Minister Tayyip Erdogan government, which espouses Islamic values, had uk canada goose shied away from a sovereign sukuk during its first decade in power, for fear of giving ammunition to Canada Goose Online critics who accuse it of seeking to roll back state secularism. Because of these cheap canada goose uk sensitivities, sukuk are referred to as certificates canada goose black friday sale

Canada Goose Parka Turkey Canada Goose Coats On Sale has been a frequent issuer of conventional dollar denominated bonds so it has a well developed yield curve. The treasury has raised a total of $4.6 billion this year by selling Eurobonds, in line with its external borrowing target of $4.5 billion in 2012. Turkey is expected to issue a lira denominated sukuk, its second sovereign Islamic bond, by the end of September and demand for the instrument is likely to be high, canada goose store the Turkish unit of Bahraini lender Al Baraka said last week. The issue was expected to be around 1.5 2.0 billion lira with a maturity of two uk canada goose outlet years Canada Goose Parka.

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