Turkiye to enter international bond market for third time this year

Right direction: Erdogan (centre) with Chinese firm BYD personnel at a signing ceremony in Istanbul. Turkiye says it plans to borrow US$10bil from international markets. — AFP

ISTANBUL: Turkiye has entered the international bond market for the third time this year, capitalising on increasing investor confidence as inflation starts to slow and the economic outlook improves.

The country is seeking to raise eight-year US dollar debt with an initial yield guidance of around 7.625%, according to a person familiar with the matter.