Long term bonds to be issued for life time annuities in Turkey.

Long term bonds to be issued for life time annuities in Turkey.

08.01.2016

Turkish Treasury of state has published a guide for “Anuity Bonds Indexed to CPI” which are considered to become a key element in the development of annuities in Turkey. These investment vehicles will have very long term maturities in order to satisfy the insurance companies and pension funds’ long term investment requirements. Annuity bonds will have a duration of 30 years and are expected to support the promotion of annuities in the market.