| Turkey sold $1.5 billion of its first-ever dollar bond compliant to Islamic law. The strong demand for the bond led to the bond price tightening even more than the existing government bond. A majority of the buyers of the bond were said to be investors in the Middle East.
The bond sold at a yield of 2.803%, or 185 basis points over comparable mid-swaps, a benchmark rate that currently is at 0.953%, a person familiar with the deal said...............................................Full Article: Source
|