Turkey snags $2.25bn thanks to rallying market

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Turkey snags $2.25bn thanks to rallying market

Galata Kulesi, Turkey from Fotolia by bilal ulker 230x150

Turkey returned to the market on Tuesday, raising $2.25bn of five year dollar paper with a slim new issue premium. The deal was timed to take advantage of a tremendous rally in Turkish asset prices, but not all investors are convinced.

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