Two Turkish borrowers hit the market on Thursday, following in the wake of a Koç Holding trade earlier in the week and making it Turkey’s busiest week for deals in almost three years.
“It’s interesting to see the market so busy,” said an emerging markets syndicate banker. “Turkey does still look like good value.”
Turkish assets are cheaper than their peers and their historical average, following the currency crisis in August 2018. While Turkey has undergone a remarkable recovery in capital