Turkey Nears First Bond Sale to UAE Fund in Landmark Deal
- Finance Minister Mehmet Simsek talks to Bloomberg in interview
- Simsek lays out plans for economy after policy makeover
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Turkey is nearing its inaugural bond sale to an Abu Dhabi sovereign wealth fund by the end of this year, a milestone for Turkish policymakers trying to regain foreign investor confidence after years of mistrust.
The government will likely offer 10-year bonds in tranches to ADQ, owned by the oil-rich capital of the United Arab Emirates, Turkey’s Treasury and Finance Minister Mehmet Simsek told Bloomberg on Thursday.