Link Securities | The Turkish government has chosen BBVA and JPMorgan to lead a refinancing operation of the country’s historic debt, Expansión reports today. Turkey has decided to take advantage of the increased appetite for Turkish debt shown by large international investors to shore up its finances with a buyback transaction and new bond issuance registered with the US SEC.
BBVA has launched an offensive to strengthen its investment banking in Turkey. Its aim is to become one of the country’s major players and the government has given it the backing with the mandate to lead a historic refinancing operation in dollars.
