Markets beginning to tire of Turkey

Turkey flag adobe stock AS 230x150
By Lewis McLellan
21 Mar 2019

Turkey’s capital markets rehabilitation has been one of the most remarkable emerging markets stories of the past six months, but investors’ appetite for the nation’s paper is finally starting to wear thin.

Vakifbank picked Thursday to make its return to capital markets after a year-long hiatus, following the sovereign’s $1bn tap earlier in the week.

The bank selected Citiand JP Morganas global co-ordinators. They were joined by INGMizuhoMUFGand SMBC Nikko as bookrunners. The leads began with initial price ...

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