Turkey Readies First Global Bond Sale Since Lira Implosion
- HSBC among banks picked for potential sukuk sale this month
- Turkey last tapped markets with dollar bond sale in September
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Turkey is preparing to return to global bond markets for the first time since the lira’s implosion, according to people familiar with the matter.
The nation has picked banks including HSBC Holdings Plc to manage a sale of Islamic debt, known as a sukuk, which could happen this month, said the people who declined to be identified because the details aren’t public. The sale may be used to refinance about $2 billion of debt maturing this month, they said.