The Turkish Bulletin 17/01/2005 - BNP Paribas Turkey
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January 17, 2005 -

The Turkish Bulletin 17/01/2005

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The most important headlines of the last 2 weeks were the upgrade of Turkey’s sovereign credit rating to ‘BB-‘ from ‘B+’ by Fitch and the unexpected CBRT interest rate cut to 17% from 18%.
In the meantime, Turkey issued its 1st US$ Eurobond in 2005 maturing in 2025 for US$2bn (US$5.5bn target for the whole year) priced to yield 7.52% with an unprecedented over subscription reaching US$13bn. Finally, the financing program for 2005 was announced.

This is the last TNL prepared by me as I will be leaving Turkey Rep. Office for my new responsability in ECEP-credit coordination, Paris at the end of this month.

It was a great pleasure and experience for me to work in Turkey.
My replacement will be Terence SINGH who will start in March but in the meanwhile you will still receive a quarterly report prepared by the Rep. Office.

Turkish Bulletin – January 17, 2005 (Acrobat Document : 158 Ko)