Turkey jumps on EM repricing with $1bn tap
Turkey pounced on the emerging market credit rally on Thursday as it reopened its 6.25% September 2022s, paying a lower yield on its second debt sale in three weeks. The sovereign launched a $1bn deal with a 5.75% yield, 60bp tighter than its $1.5bn issue in January, driven by the repricing of EMEA sovereign credit risk.
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