Tuesday, January 05, 2010

2-Turkish stocks hit 2-yr high on hopes of IMF deal

"2-Turkish stocks hit 2-yr high on hopes of IMF deal

ISTANBUL, Jan 5 (Reuters) - Turkish stocks hit a two-year high on Tuesday after a senior minister revived hopes Ankara will secure a stand-by loan accord with the IMF, dealers said.
Turkey's Treasury also announced it had mandated three banks with a 2040 dollar-denominated Eurobond issue, the first of 2010, and part of a projected $5.5 billion borrowing in Eurobonds this year.
Bankers close to the situation said the bond was seen yielding around 6.85"

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