Türkiye raises $2.75 Billion in six-year sukuk issue
Türkiye’s Treasury and Finance Ministry said on June 26 that it raised $2.75 billion through a six-year sukuk (lease certificate) issuance in international capital markets on June 25.
The certificates carry a lease rate of 6.7 percent and a yield to investors of 6.75 percent. The offering attracted demand of more than two and a half times the issue size from over 100 investor accounts, said the ministry in a statement.
Investors in the Middle East received 65 percent of the certificates, followed by investors in the United Kingdom with 20 percent, the United States with 9 percent, other European countries with 4 percent and Türkiye and other countries with 2 percent.
The proceeds from the transaction will be transferred to the Treasury coffers on July 2.
