Turk Eximbank meets investors

ANKARA (AA): Turk Eximbank committee last week met investors who have business volume worth more than $1 trillion in the US, the bank said on Monday.

Turk Eximbank plans to make bond issuances worth $1 billion in foreign markets in 2018 to raise the financing of Turkey’s exports, the bank said in a statement.

The bank said a committee under the chairmanship of Adnan Yildirim, the bank’s chief executive officer, visited the US and made a non-deal roadshow to find funds from the US’ market between Feb. 19 and Feb. 23.

The visit, which contained meetings with 13 globally-known institutions from asset management, insurance and hedge fund sectors, was made with coordination of Citibank in New York, Boston and Los Angeles. “2017 year-end financial information has been shared with such institutions in the meetings,” the bank said.

The bank added investors were closely following Turkey’s economy and Turk Eximbank. Since Turk Eximbank was founded in 1987, it conducts international credit, guarantee, and credit insurance programs aimed at developing economic and political relations between Turkey and other countries.