The Ministry of Treasury and Finance reported that the amount of sukuk issuance with a maturity of 5.5 years was 2.5 billion dollars and the demand for the issuance was 2.5 times higher. The Ministry of Treasury and Finance made a statement about the sukuk issuance completed on November 19. The statement reported that sukuk was issued in international capital markets on November 19, 2024, and the amount of the issuance with a maturity of 5.5 years was 2.5 billion dollars.
The rental rate in sukuk was 6.50 percent and the return rate was 6.55 percent. It was stated that the proceeds will be entered into the Treasury’s accounts on November 26, 2024. 135 investors showed demand for the issue, approximately 2.5 times the issue amount.
66 percent of the lease certificate was sold to investors in the Middle East, 15 percent in the United Kingdom, 9 percent in the USA, 6 percent in Turkey, 3 percent in other European countries and 1 percent in Asia.
Source: BloombergHT
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