Turkey Splurges on Foreign-Currency Debt as Yields Tumble: Chart

(Bloomberg) -- Turkey took advantage of falling global yields to raise $2.25 billion in a Eurobond sale on Tuesday, bringing total foreign-currency debt sales to just under $20 billion so far this year, according to Bloomberg calculations using Treasury data. The record figure includes sukuks sold to local and foreign investors, gold-backed securities issued in the domestic market, and private placements to shore up state banks.

To contact the reporter on this story: Fercan Yalinkilic in Istanbul at fyalinkilic@bloomberg.net

To contact the editor responsible for this story: Mark Evans at mevans8@bloomberg.net

©2019 Bloomberg L.P.