Baklava bond explained

A Baklava bond is a financial bond denominated in Turkish lira and issued by a domestic or foreign entity in Turkey.[1] The name refers to baklava, a Turkish dessert.

In October 2010, Turkish authorities allowed companies to issue bonds.[2]

Notes and References

  1. Book: Memili, Ümit. Baklava Bonds: Sweet Margins in Turkey. Evaluating Turkish Corporate Bonds in Local Currency. 2012. 117.
  2. Book: Memili, Ümit. Baklava Bonds: Sweet Margins in Turkey. Evaluating Turkish Corporate Bonds in Local Currency. 2012.

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