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“The positive response to Turkey’s debut transaction clearly showed that there is demand for liquid sovereign Eurobonds from emerging market issuers” |
The transaction, now $2.3 billion, was one of several well-received emerging market sovereign Eurobonds to come to market at the start of the year, with Colombia, Indonesia and Mexico also looking to hit the ground running in January. With primary Eurobond markets effectively closed at the end of 2007, Turkey’s tap of a benchmark issue marked an upbeat start to the year for a country that is expected to raise at least $5.5
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