Turkey’s sovereign wealth fund has made a bold return to the dollar market.Last week, the Türkiye Wealth Fund (TVF) raised US$1 billion across two eurobonds: a five-and-a-bit-year note that yielded 7.00% (coupon 6.875%) and a new 10-year at 7.75% with books peaking near US$10 billion. The fund had reportedly considered...
Turkey’s sovereign wealth fund has made a bold return to the dollar market.Last week, the Türkiye Wealth Fund (TVF) raised US$1 billion across two eurobonds: a five-and-a-bit-year note that yielded 7.00% (coupon 6.875%) and a new 10-year at 7.75% with books peaking near US$10 billion. The fund had reportedly considered...