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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Citigroup Inc | NYSE:C | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.15 | 0.24% | 61.50 | 62.19 | 60.98 | 62.10 | 11,291,561 | 23:09:16 |
From May 2019 to May 2024
ISTANBUL--Turkey's treasury said Monday it has mandated CIMB, Citigroup and HSBC to issue a 10-year dollar-denominated lease certificate, or sukuk, in international capital markets.
The treasury didn't give any further details in its statement.
A sukuk or lease certificate is structured so that it doesn't breach Islamic law which forbids conventional interest payments.
Turkey will sell the certificates to investors, who will then lease them back to the issuer at a fee. The fee replaces a traditional interest rate.
Write to Yeliz Candemir at yeliz.candemir@wsj.com
1 Year Citigroup Chart |
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