Turk Eximbank meets investors in US

ANKARA – Anadolu Agency

A Turk Eximbank committee last week met investors with business volume worth more than $1 trillion in the U.S., the bank said on Feb. 26.

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.

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

The visit, which included meetings with 13 globally-known institutions from asset management, insurance and hedge fund sectors, was made with the coordination of Citibank in New York, Boston and Los Angeles.

“The 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 its foundation in 1987, Turk Eximbank has been conducting international credit, guarantee, and credit insurance programs aimed at developing economic and political relations between Turkey and other countries.