Turkey prints largest ever deal, taking $4bn

Turkey flag adobe stock AS 230x150
By Ross Lancaster
07 Feb 2020

The Republic of Turkey made its much anticipated start to the year with a bang on Thursday, taking advantage of feverish risk appetite among emerging markets investors to sell its largest ever bond, a $4bn dual tranche deal.

Market participants had long been wondering when Turkey, traditionally always an early starter in the EM calendar, would come to the new issue market this year.

On Thursday, the B1/-/BB- rated sovereign broke its silence, mandating Citi, Deutsche Bank, JP Morgan and Société Générale ...

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