The treasury’s fourth Eurobond sale has received significant global interest. When the 750-million dollar 2021 bond sale conducted by the Treasury reaped over five billion dollars in demand by 23 different countries, purchases were increased to one billion dollars.
INTEREST DROPS TO 5.25%
Sales conducted with 5.25% interest, marks the lowest cost debt conducted in the dollar market by Turkey ever. Out of bonds issued, 33% went to US investor, 20% to England and 14% to other European nations.
TRUST IN TURKEY’S ECONOMY
According to specialists, this demand displays the trust felt in Turkey’s economy. The Treasury’s acquisition of easy and inexpensive foreign sources will reflect positively on the budget’s interest spending. Mid-term consumers and smaller enterprises will be able to borrow at decreased interest.
