Page 41 - TURKRptFeb21

Turkish borrowers’ eurobond sales are earning rave reviews due to oversubscription amid unprecedented liquidity and a record amount of negative-yield debt on global markets.
The market is awaiting eurobond sales from government-run lender, Vakifbank and private lenders Garanti and Akbank, along with catering company Do&Co.
In February, the Treasury may sell more papers.
On December 16, Istanbul mayor Ekrem Imamoglu said that the municipality’s application to the Treasury to sell around €300mn worth of eurobonds was not moving forward. He urged officials to approve it.
41 TURKEY Country Report February 2021 www.intellinews.com