Turkey's Bank Asya to issue up to 150 mln lira sukuk in 2012

ISTANBUL, Sept 25 Tue Sep 25, 2012 3:37pm IST



ISTANBUL, Sept 25 (Reuters) - Turkish Islamic lender Bank Asya said on Tuesday that it plans to issue a sukuk, or Islamic bond, of up to 150 million lira ($83 million) by the end of 2012.

The lender said in a statement that the amount raised from the issuance would be used to finance investments. ($1 = 1.7984 Turkish liras) (Writing by Seda Sezer)