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Thu, 31.08.2023
Home NEWSUAETurkey Nears First Bond Sale to UAE Fund in Landmark Deal

Turkey Nears First Bond Sale to UAE Fund in Landmark Deal

by Press Room


(Bloomberg) — Turkey is nearing its inaugural bond sale to an Abu Dhabi sovereign wealth fund by the end of this year, a milestone for Turkish policymakers trying to regain foreign investor confidence after years of mistrust.

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The government will likely offer 10-year bonds in tranches to ADQ, owned by the oil-rich capital of the United Arab Emirates, Turkey’s Treasury and Finance Minister Mehmet Simsek told Bloomberg…



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