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Turkey's KT Kira Sertifikalari sells 50 mln lira (18 mln euro) in sukuk

Dec 30, 2014, 12:53:41 PMArticle by Yurkie Ali
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ISTANBUL (Turkey), December 30 (SeeNews) – Turkish Islamic bonds issuer KT Kira Sertifikalari Varlik Kiralama [BIST:KTKVK] said on Tuesday it has sold 50 million Turkish lira ($22 million/18 million euro) in 83-day lease certificates, or sukuk, in the domestic market.

Turkey's KT Kira Sertifikalari sells 50 mln lira (18 mln euro) in sukuk

The Islamic bonds, sold to qualified investors, carry an annual simple interest rate of 9.00%, the company said in a bourse filing.

KT Kira Sertifikalari is a wholly-owned unit of Islamic lender Kuveyt Turk which is controlled by Kuwaiti Islamic financial services provider Kuwait Finance House.

(1 euro = 2.8197 Turkish lira)

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