Turkish Bank Postpones $300 Million Bond Sale Meeting on Unrest
- Meetings with fixed income investors were to start on Sunday
- Banks will get back in touch with investors to reschedule
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Sekerbank TAS, an Istanbul-based lender owned by its employee pension fund and Kazakhstan’s sovereign wealth fund, postponed investor meetings for a proposed bond sale after a coup attempt against Turkish President Recep Tayyip Erdogan.
The bank had been scheduled to start investor meetings on Sunday in Asia, Europe and the Middle East for a sale of as much as $300 million. It will now contact investors at the appropriate time to reschedule the meetings, according to an e-mailed statement Sunday from bankers with knowledge of the deal.