Turkiye secures $3.5bn in record international bond sale amid economic turnaround efforts

Turkiye has successfully raised $3.5 billion in its largest-ever international bond sale, a strategic move aimed at enhancing investor confidence as the country embarks on an ambitious economic turnaround program. The bond issuance was bolstered by a buyback of outstanding debt, signalling Ankara’s commitment to stabilising its financial landscape and restoring market trust. The issuance attracted significant interest from global investors, reflecting a positive shift in sentiment towards Turkiye’s economic reforms and fiscal policies. This financial manoeuvre is part of a broader effort by the Turkish government to address economic challenges and stimulate growth following a period of volatility. In a statement, Turkiye’s Treasury and Finance Ministry highlighted the successful bond sale as a crucial step in diversifying funding sources […]