Turkey Hires Banks for First Bonds in Euros Since 2010

“East European investors demand euro-denominated assets,” Neslihan Yilmaz, a trader at Maxis Securities in London, wrote in e-mailed comments. “It’s possible that Turkey wanted to tap that market if you consider that there has not been a euro debt sale for a long time.”
Turkey is rated Baa3 at Moody’s Investors Service, the lowest investment grade. The government raised $1.25 billion from a dollar-denominated Islamic bond sale on Oct. 3. (Bloomberg)
Last modified onSaturday, 06 May 2017 10:07
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