Turkey takes first steps to Sukuk

According to a statement by the Undersecretariat of the Treasury in Turkey, Citigroup, HSBC and Liquidity House have been mandated to investigate opportunities concerning the issuance of a Lease Certificate in the international capital markets. For this purpose numerous road shows for the Sukuk are planned and will be held in financial centres across the Middle East and Asia. The show will take place in the period 10-13 September. The Sukuk is supposed to be dollar-denominated and issued in the week of 17 September.