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Turkey to issue gold-backed bonds and sukuk from Oct 2

Kitco News

ANKARA, Sept 27 (Reuters) - Turkey will issue gold-backed bonds and sukuk starting from October 2, the treasury said in a statement on Wednesday, to attract into the economy gold savings held by households.

The maturity of the bond and sukuk will be 728 days, with a 6-month interest of 1.20 percent, index-linked to gold prices, the treasury said in a statement.

(Reporting by Nevzat Devranoglu; Writing by Ece Toksabay; Editing by Daren Butler)

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