Turkey Joins EM Bond Rush With First Dollar Sale of 2025
- Sale of $2.5 billion of seven-year bond will yield 7.2%
- Demand seen strong as investors support economic policies
Istanbul, Turkey.
Photographer: David Lombeida/BloombergThis article is for subscribers only.
Turkey sold its first dollar-denominated bond of the year as the government seeks to lock in low borrowing costs in a busy week for emerging-market debt sales.
The $2.5 billion offering of bonds maturing in February 2032 will yield 7.2%, revised from an earlier 7.5% area, according to a person familiar with the matter, who asked not to be identified because they aren’t authorized to discuss the deal.