(Bloomberg) -- Turkey raised $1.9 billion, matching its biggest-ever initial public offering, by selling shares in state- run lender Turkiye Halk Bankasi AS, a sign of investor confidence after last week's dispute between the military and government.
The state asset sales agency sold shares in the Ankara-based bank at 8 liras apiece, the upper limit of the offer range, NTV television reported today. Investors bid for 25 percent of Halkbank in an initial public offering last week even as political turmoil spooked the markets. The government called snap elections in response to an April 27 threat from the army to block the ruling party's candidate for president due to his Islamist past.
Read more at Bloomberg Emerging Markets News
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