(Dubai) – Akin’s Dubai capital markets team advised Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. (“Emlak Konut”), Türkiye’s leading real estate investment trust, on its debut international issuance of $650 million lease certificates due 2031. The transaction represents the first-ever sukuk issuance by a Turkish real estate investment trust.
The issuance was conducted through Emlak Konut’s wholly owned asset leasing company, Emlak Konut Varlık Kiralama A.Ş., and forms part of the company’s str...
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