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Turkish TPAO Eyes $4 Billion Maiden Sukuk
State-owned energy platform plans Islamic debt issuance to fund further exploration projects. Turkish energy producer TPAO has completed a roadshow circuit aimed at securing interest in a $4 billion sukuk issuance for later this year, as first reported by Patrick Sykes at Bloomberg . The new debt will be a structured as a five-year note, and support the company's wide-ranging ambitions across Eastern Europe and Eurasia. Those this year have included a new field in Kazakhstan
Nov 181 min read
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