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Istanbul New Eurobonds Sale Delayed by 'Politics,' Mayor Says


Istanbul New Eurobonds Sale Delayed by ‘Politics,’ Mayor Says
Bloomberg
12/17/2020
Tugce Ozsoy
© Bloomberg
A mosque stands amongst residential buildings in the Levent district seen from the Istanbul Sapphire observation deck in Istanbul, Turkey, on Wednesday, Sept. 16, 2020. Turkish bank stocks, hardest hit by a selloff of Istanbul equities from foreigners, are trading at a record discount to local industrial sectors.
(Bloomberg) A planned sale of Eurobonds by Turkey’s largest city is being held up as authorities wait for government approval, said Istanbul Mayor Ekrem Imamoglu, a key opposition figure.
The application by Istanbul Metropolitan Municipality to sell bonds worth about 300 million euros is “in suspension,” Imamoglu told Halk TV on Wednesday. “I’m very sad. Please do not let politics interfere with real work.” ....

Lutfi Elvan , Ekrem Imamoglu , Recep Tayyip Erdogan Ak Party , Istanbul Sapphire , Istanbul Mayor Ekrem Imamoglu , Istanbul Metropolitan Municipality , Finance Minister Lutfi Elvan , President Recep Tayyip Erdogan , இஸ்தான்புல் சபையர் , இஸ்தான்புல் பெருநகர நகராட்சி ,