Turkey Sells $1.75 Billion in Third Global Bond This Year
- Investor confidence in Turkey rising after interest-rate hikes
- Country sold dollar bonds due in eight years to yield 7.3%
Turkey has entered the international bond market for the third time this year, capitalizing on increasing investor confidence as inflation starts to slow and the economic outlook improves.
The country sold $1.75 billion in dollar bonds maturing in eight years to yield 7.3%, according to a person familiar with the matter. That’s tighter than initial price talks of around 7.625%, said the person, who asked not to be identified because they’re not authorized to speak about it.