Kuvety Turk Participation Bank Inc, founded in 2015 and headquartered in Turkey, operates with a mission to offer ethical banking solutions that adhere to Islamic finance principles. The bank provides a range of financial products including personal and commercial financing, savings accounts, and investment services tailored to meet the needs of its diverse clientele.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| KFINKK 6.13% 2031-12-16 USDKuvety Turk Participation Bank Inc | Turkey | 2031-12-16 | 6.125 | 8.63 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Kuvety Turk Participation Bank has actively participated in the bond market, commencing with its first bond issuance in 2018. The bank has successfully launched several significant issuances, including a $300 million sukuk in 2021, which attracted considerable attention due to its favorable yield of 5.2%, notably higher than many peers in the participation banking sector. This issuance was aimed at enhancing liquidity and funding growth initiatives. The bank continues to explore innovative financing options, focusing on socially responsible investment opportunities while maintaining compliance with Islamic finance principles.