Turkey Wealth Fund issued bonds in international markets on February 7 after holding meetings with investors in London on February 5 and 6.
The starting price of the 5-year futures transaction, to be sold in the Reg S structure to investors outside the US, was 9.125 percent.
The transaction attracted strong investor interest immediately after opening and over $7 billion was requested for the bond issue. After two consecutive price revisions, the return rate fell to 8.375 percent.
The interest in the bond issue once again demonstrated the international markets’ confidence in the Turkish economy and the new economic policy. Investors’ demands remain. The final return on the transaction is determined at the end of the day.