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TURKEY: Wealth Fund Seeks to Fully Roll Over Syndicated Loan

TURKEY
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  • Turkey’s sovereign wealth fund is looking to fully roll over its two-year syndicated loan that matures in March, Bloomberg report citing people with direct knowledge of the matter. The piece adds that the wealth fund is among those seeking to build on the favorable environment, wanting to roll over the full EUR 790m. The deal could also include an additional tranche in dollars.
  • Treasury and Finance Minister Mehmet Simsek says the government will increase the gold import quota for jewelers by 2 tons to 14 tons, effective from February, Dunya report.
  • There are no major data releases scheduled for today. Leaders of the MHP and CHP will address their respective lawmakers at parliament.
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  • Turkey’s sovereign wealth fund is looking to fully roll over its two-year syndicated loan that matures in March, Bloomberg report citing people with direct knowledge of the matter. The piece adds that the wealth fund is among those seeking to build on the favorable environment, wanting to roll over the full EUR 790m. The deal could also include an additional tranche in dollars.
  • Treasury and Finance Minister Mehmet Simsek says the government will increase the gold import quota for jewelers by 2 tons to 14 tons, effective from February, Dunya report.
  • There are no major data releases scheduled for today. Leaders of the MHP and CHP will address their respective lawmakers at parliament.