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