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Turkey borrows $ 1 billion in re-opening bonds maturing in April 2029
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The Turkish treasury has borrowed $ 1 billion to re-open dollar-denominated bonds maturing in April 2019, with a final yield of 7.15 percent, banking sources said.
Turkey has authorized Goldman Sachs, JPMorgan and Standard Chartered to reopen the bonds.
Turkey originally borrowed $ 2 billion in January.
Treasury is expected to announce the official results for borrowing today. The Turkish treasury plans to borrow $ 8 billion from global markets this year and ended up borrowing $ 6.4 billion or about 80 percent of that value in the first quarter.
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