Turkey Sovereign Wealth Fund Said to Plan Debut Eurobond Sale: BBG

Turkey’s sovereign wealth fund, known as TWF, is considering a debut Eurobond sale soon, more than three years after it was forced to shelve similar plans because of adverse market conditions, Bloomberg report according to people with direct knowledge of the matter. More from Bloomberg:

• "The fund held talks with investment banks to explore the timing and size of the issuance, the people said, asking not to be identified as the plans haven’t been made public yet."
• "The government established the sovereign fund in 2016 and mandated it to play a leading role in making investments that are too big for the private sector. It holds a number of assets taken over from Turkey’s Treasury, including stakes in state lenders Turkiye Halk Bankasi AS and TC Ziraat Bankasi AS."