Release of “The Turkish Bulletin”, the semi-monthly newsletter of BNP Paribas in Turkey. “The Turkish Bulletin” presents a macro economic analysis on the following topics:
– Economy and market,
– Politics and domestic affair
– Company news
– Sector news and privatization
The Treasury has tapped the Eurobond market for the 1st time in 4 months, for a US$750mn 7-year Eurobond priced to yield 9.25%.
In the domestic affairs, work on a new IMF deal has been under way and the final shape on the future of IMF relations will be determined in Sept-Oct. (the government wants to see how relations with the EU and US pan out before commiting to fiscal targets in particular). Finally, the NATO summit, which start today and will continue for the following two days, will constitute the main agenda for the markets this week.
The Turkish Bulletin – June 28, 2004 Acrobat document (88 ko)
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