Turkey has raised $3.5bn in its biggest-ever international bond sale, supported by a buyback of outstanding debt, as Ankara seeks to bolster investor sentiment with a sweeping economic turnaround programme.
The country sold a 10-year dollar bond at a yield of 6.75 per cent, Turkey’s finance ministry said on Thursday.
Turkey raised $4bn in a multi-tranche deal in 2020 but this was the first time it has raised so much in a single bond, according to finance ministry records stretching to 2013.
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