September 17, 2019 / 12:59 PM / a month ago

Turkey to issue gold-backed bond and sukuk to corporate investors

ISTANBUL, Sept 17 (Reuters) - Turkey will issue gold-backed bond and sukuk for corporate investors, especially for retirement and investment funds, with a settlement date of Sept. 20, the treasury said on Tuesday.

Bonds and sukuks will have a 6-month interest or rent rate of 1%, the treasury said, adding that they will have a two-year maturity. Bids will be collected until 1100 GMT on Sept. 18. (Writing by Ezgi Erkoyun; Editing by Ali Kucukgocmen)

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