Turkey Wealth Fund to Retry Bond Sale
- Fund weighing share sale of stock exchange, oil and gas firm
- Sovereign fund wants to become regular bond issuer, CEO says
Turkey’s sovereign wealth fund is weighing an IPO of Borsa Istanbul AS within the next two years.
Photographer: Ismail Ferdous/Bloomberg
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Turkey’s sovereign wealth fund will retry a Eurobond issuance next year after its debut was shelved two months ago due to weak investor demand, and is also considering selling shares in some of its assets.
The institution is weighing an initial public offering of stock-exchange operator Borsa Istanbul AS within the next two years, Chief Executive Officer Zafer Sonmez said in an interview with BloombergHT TV. The fund on Monday sold a 10% stake in the bourse to Qatar Investment Authority for $200 million.