by Amruth Sundarkumar | Jun 15, 2021 | Sovereigns
Turkey has hired bankers for a 5Y dollar Sukuk according to a document seen by Reuters. The banks hired are Dubai Islamic Bank, Emirates NBD Capital, HSBC and Standard Chartered. Separately, Turkish President Erdoğan said that Turkey’s central bank agreed to...
by bondevalue | Mar 23, 2021 | Sovereign Bonds
Turkey’s dollar bonds fell sharply across the curve on Monday following news of President Erdogan sacking the Central Bank Chief. Turkey’s 7.375% 2025, 6.875% 2036 and 5.75% 2024 were down 6.0, 10.6 and 10.6 points on Monday to 104.51, 92.79 and 77.18,...
by bondevalue | Mar 22, 2021 | Sovereign Bonds
Yet again, the Turkey Central Bank chief Naci Agbal was fired by President Erdogan on Saturday. He was appointed in November last year to restore the credibility of the institution and raise confidence in markets. Agbal hiked rates last week by 200bp to 19% to...
