Istanbul New Eurobonds Sale Delayed by ‘Politics,’ Mayor Says

A planned sale of Eurobonds by Turkey’s largest city is being held up as authorities wait for government approval, said Istanbul Mayor Ekrem Imamoglu, a key opposition figure.

The application by Istanbul Metropolitan Municipality to sell bonds worth about 300 million euros is “in suspension,” Imamoglu told Halk TV on Wednesday. “I’m very sad. Please do not let politics interfere with real work.”