Markets

Turkey issues $1.5bn ten-year dollar bond at 5pc

Published March 2, 2016 Updated March 2, 2016 04:32pm

1 min

By Shoaib Ur Rehman

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ANKARA: Turkey's Treasury borrowed $1.5 billion through a dollar-denominated, ten-year bond at 5 percent on Wednesday, bankers said, as part of its planned issuance in international debt markets this year.

Demand for the issuance was more than $4 billion, bankers said.

The Treasury said earlier it had mandated Bank of America Merrill Lynch, Citigroup and Deutsche Bank to issue dollar-denominated debt.

Turkey's Treasury has said it plans to borrow $4.5 billion from international markets this year.

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