Turkish volatility spikes $2bn Emlak offer
Spiking volatility can lay low even the most sought-after equity market deals, a lesson rammed home home last week by events in Turkey, where plunging fixed income and currency markets left property firm Emlak Konut no choice but to pull a T3.4bn-T4bn ($1.8bn-$2.1bn) capital increase.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts