“We are pleased to see an increase in investors’ interest in Turkish assets,” said Mehmet Şimşek, Minister of Treasury and Finance on his Twitter account.
Şimşek listed the sale of shares in Yapı Kredi Bank, the acquisition of MNG Kargo by DHL and the partnership between Rönesans Energy and TotalEnergies as examples of increasing international business interest.
Treasury and Finance Minister Mehmet Şimşek made a statement on his social media account regarding the interest of foreign investors in the country.
“We are pleased to see an increase in investors’ interest in Turkish assets,” Şimşek said in his English post, adding that in addition to FDI inflows from the GCC countries, which are expected to increase in the next three years, an increase in equity and debt deals has been observed.
Şimşek highlighted a few transactions that have been announced to the public recently, stating “First, the successful offering of Yapı Kredi shares to institutional investors this week: $250 million – the largest equity offering in the last 3 years. More than 5 times the demand and nearly 40 US and European investors.
Reminding the second purchase of MNG Cargo by DHL, Şimşek said, “The third is the partnership between Rönesans Energy and TotalEnergies last week.”
Stating that all these transactions show the “confidence in Turkey and our efforts to implement sound macroeconomic policies”, Şimşek added “Long-term investments in Turkey will support our policies, stabilize the Lira and ensure that the impact of the recent fiscal and monetary tightening on growth will be milder.
Treasury and Finance Minister Mehmet Şimşek also shared his views on his Twitter account regarding Turkey’s CDS premium. Adding a graphic to his post, Minister Şimşek said that Turkey’s risk premium is below 400 basis points.
Minister Şimşek used the following expressions: “Rational policies continue to bear fruit… CDSs (risk premium – a five-year credit default swap showing Turkey’s dollar-denominated credit bankruptcy risk) that rose to 700 basis points in May, saw below 400 basis points today. ”
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