Agaoglu Seeks $2 Billion Islamic Debt for Istanbul Finance Hub
By Alaa Shahine - Mar 3, 2013 5:02 AM ET
Agaoglu Group, a Turkish company with interests in construction, energy and tourism, plans to raise $2 billion in Islamic debt to finance the construction of Istanbul’s financial district.
Aktif Bank is in talks with banks in the Gulf Cooperation Council to sell sukuk in April, Agaoglu Chairman Ali Agaoglu said in an interview today in Dubai, where he opened a representative office to lure Gulf wealth to Turkey’s construction industry. The fundraising would also include Murabaha facilities, he said.
More:Agaoglu Seeks $2 Billion Islamic Debt for Istanbul Finance Hub - Bloomberg
