Turkish lira hits record low, MTNs to benefit

The Turkish lira’s value has been battered by a chaotic political and economic backdrop but, with yields at their highest level since 2007, some MTN investors are opting to take the plunge.

  • By William Chambers
  • 23 Nov 2017

The Turkish lira fell to TL3.9785 against the dollar on Tuesday morning — its lowest level for 10 years.

With growth flagging and inflation high, the Turkish central bank is directing monetary policy to tackle the economic malaise, which has created an opportunity in the MTN market ...

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