Turkey sovereign wealth fund to retry bond sale ...Qatar

Turkey’s sovereign wealth fund will retry a Eurobond issuance next year after its debut was shelved two months ago due to weak investor demand, and is also considering selling shares in some of its assets. The institution is weighing an initial public offering of stock-exchange operator Borsa Istanbul AS within the next two years, chief executive officer Zafer Sonmez said in an interview with BloombergHT TV. The fund wants to become a regular issuer in international debt markets with Eurobond sales every “18 to 24 months,” he said. While it is slightly more expensive for wealth funds to borrow internationally compared with sovereign debt sales, the fund can also rely on dividends from the

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Turkey sovereign wealth fund to retry bond sale ...Qatar

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