Turkey Wealth Fund Hires HSBC, ICBC, and Citi for Inaugural Eurobond Sale

Posted on 09/30/2020


Türkiye Varlık Fonu Yönetimi A.Ş. (Turkey Wealth Fund) hired HSBC Holdings Plc, Industrial Commercial Bank of China Ltd. (ICBC), and Citigroup Inc. for the wealth fund’s debut Eurobond sale. Bank of America Merrill Lynch received a mandate for the bond issuance. The sale is expected to occur before the end of 2020. There is no official amount released, but some estimates could be between US$ 1 billion to US$ 2 billion.

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