(MENAFN- Arab Times) ISTANBUL Nov 18 (Agencies): Kuveyt Turk won GFC Global Financial Conferences' Bonds & Loans Award for Islamic Capital Markets Deal of the Year at Esma Sultan Palace last night. Mustafa Begn Mustafa Aramaz and Rusen Ahmet Albayrak from Kuveyt Turk collected the Award. In their acceptance speech they spoke of their 'great pride winning the Award' and thanked all their partners and advisors for the success of their transaction.
Other winners on the night included STAR Refinery who won the Award for Best Project Finance Deal Syndicated Loan and Best Trade & Export Finance Deal;Karsan won Best Local Bond Deal Mersin International Port won the Award for International Bond Deal of the Year and Turkish Airlines walked away with Best Structured Finance Deal. H.E. Ali Babacan Deputy Prime Minister for Economic Affairs opened the event attended the most senior business figures in Turkey by video broadcast. Mr Babacan highlighted the impressive growth of the Turkey markets since 2008 and also about the government initiatives being put into place to further support the market. In a separate report Turkish participation bank Kuveyt Turk said it mandated banks to issue sukuk or Islamic bonds in Malaysia aiming to raise as much as 2 billion ringgit ($596.7 million) which will be its first foray into the southeast Asian Islamic debt capital market. Kuveyt Turk 62 percent owned by Kuwait Finance House said in a statement to the Istanbul stock exchange it has mandated CIMB Investment Bank Berhad Kuwait Finance House Berhad and Maybank Investment Bank Berhad. The last time Kuveyt Turk was in the market was in June when it issued a $500 million five-year sukuk that attracted over $3.25 billion in orders. In July Turkiye Finans became the first Turkish lender to issue ringgit-denominated sukuk in Malaysia when it raised 800 million ringgit from a 3 billion ringgit programme it set up in June.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.