Turkish State Oil Giant Launches Landmark $4 Billion Islamic Bond ...Middle East

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Turkish State Oil Giant Launches Landmark $4 Billion Islamic Bond
source : OILPRICE ( Middle East ) () 79
Turkish Petroleum Corporation (TPAO), the state-owned energy company of Turkey, plans to issue its first-ever Islamic bond of about $4 billion to fund the expansion of its oil and gas production, Turkey’s Energy Minister Alparslan Bayraktar has told Bloomberg. TPAO prepares to sell the five-year Islamic bond, the so-called sukuk, to international investors by the end of this year, Bayraktar said.  TPAO has held a roadshow in London and the UAE’s Dubai and Abu Dhabi, where it presented to potential investors its plans for future…

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