Turkey’s Wealth Fund Plans to Sell Dollar Bond In September

The Turkish wealth fund is in talks with international lenders to explore a potential dollar debt issuance in September, according to people familiar with the matter.

The fund may raise up to $500 million in what would be its first debt sale this year, the people said, asking not to be identified as the talks haven’t been made public. The exact size and maturity of the planned issuance have yet to be finalized, the people said.