Yapi Kredi brings juicy seven year as GDP ticks up
Yapi Kredi hit screens on Wednesday with a new seven year note and will be hoping to capitalise on more positive economic indicators from Turkey, while offering some juice to overcome any investor fatigue around buying Turkish bank debt, according to a buy-side analyst.
Turkish banks have already raised $4.7bn via nine deals this year which have been a mix of senior and tier two funding. This compares to $3.6bn over the same period in 2016, $2.9bn in 2015, $7.9bn in 2014 and $7.3bn in 2013, according to Dealogic.
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