Investment grade Turkey tested in bumpy year

Gerald Hayes

January 07, 2014 05:30 PM

In spite of the pressures exerted on emerging market borrowers as concerns over US Federal Reserve tapering mounted over the summer, Turkey had another highly successful year in the international capital market in 2013. As well as completing its borrowing programme for the year at very competitive levels and further diversifying its sources of funding, the Turkish Treasury was able to pre-fund some of its requirement for 2014. In this interview, undersecretary of the Treasury İbrahim H Çanakcı discusses Turkey’s funding strategy with EuroWeek’s Phil Moore.

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