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TURKEY: Turkey to Sell Minimum of $1.5bn in USD Bonds

TURKEY
  • Turkey is selling a minimum of $1.5 billion in dollar bonds maturing in eight years to yield around 7.3%, Bloomberg report according to a person familiar with the matter. That’s tighter than initial price talks of around 7.625%.
  • "Turkey has said it plans to borrow $10 billion from international markets through conventional bond and sukuk, or Islamic debt, issuances this year. In March, it raised a €2 billion ($2.2 billion) bond - its first in euros in about three years. That followed a month after a $3 billion 10-year deal with a yield of 7.875%." (BBG)

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