Turkey's Kuveyt Turk plans 100 mln lira sukuk in Sept-Oct - CEO

ISTANBUL, April 2 Tue Apr 2, 2013 4:14am EDT

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ISTANBUL, April 2 (Reuters) - Kuwait Finance House's Turkish unit Kuveyt Turk plans to issue a lira sukuk worth 100 million lira ($55.40 million) in September or October, Chief Executive Ufuk Uyan said on Tuesday.

Kuveyt Turk, which issued a $350 million sukuk, or Islamic bond, in 2011, will also raise capital by 960 million lira to 2.06 billion lira, it said in a statement. ($1 = 1.8051 Turkish liras) (Reporting by Ebru Tuncay, Writing by Seda Sezer; Editing by Nick Tattersall)

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