• High performance interface for global bond market screening
  • Full information on close to 400,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 60 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Why is Turkey out of the international bond market, and whether it's worth investing in its bonds?

July 30, 2020
Bond Map: EM Sovereign Issues of 2020 in USD

Turkey hasn't entered the international bond market since February 2020 when it placed 4.25% 13mar2025 and 5.25% 13mar2030 notes. Since then, it has been issuing bonds only in the domestic market. 

However, even if it places Eurobonds in the international market, there are risks for investors. Among them, decreasing FX reserves (the lowest levels in 10 years) and lira weakness. 

Although the sovereign can keep flooding the reserves via swap lines with other central banks and a banking regulation that obligates banks to increase reserves, there are no clues when the country's reserves will run out.

Company — Turkey
  • Full name
    Republic of Turkey
  • Registration country