Turkey’s $1bn deal leads primary revival

October 19, 2011 12:00 AM

The CEEMEA primary bond market is making a tentative revival, with the Republic of Turkey issuing a $1bn 10 year note, only the second deal since July. It has traded well even in the subsequent volatility, falling only half a point at its lowest and back up at re-offer by Tuesday’s close. Its performance may encourage other strong names from the EM region to dip their toes in.

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