A Baklava bond is a bond denominated in
Turkish lira
The lira ( tr, Türk lirası; sign: ₺; ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey and Northern Cyprus. One lira is divided into one hundred ''kuruş''.
History
Ottoman lira (1844–1923)
The lira, along with ...
and issued by a domestic or foreign entity in
Turkey
Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula in ...
. The name refers to
baklava, a Turkish dessert.
In October 2010, Turkish authorities allowed companies to issue bonds.
References
{{Reflist
Bonds in foreign currencies
Finance in Turkey