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Turkey's Bank Asya applies for sukuk issue of up to 1 bln lira
July 22, 2013 / 3:28 PM / 4 years ago

Turkey's Bank Asya applies for sukuk issue of up to 1 bln lira

ISTANBUL, July 22 (Reuters) - Turkish Islamic lender Bank Asya said on Monday it had applied to the Capital Markets Board to issue sukuk, or Islamic bonds, worth up to 1 billion lira ($520 million).

The bank said in a statement to the Istanbul stock exchange it had mandated its brokerage arm for the issue.

$1 = 1.9181 Turkish liras Reporting by Ebru Tuncay; Writing by Nick Tattersall

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