Turkish markets modestly recovering despite election conundrum

Turkish bank and sovereign debt valuations are making a modest recovery in capital markets, despite confusion surrounding Turkey's local election results last week.

  • By Mariam Meskin
  • 08 Apr 2019

Turkish bonds and loans are regaining momentum in capital markets, according to bankers, after selling off in the run up to Turkey's local elections last week. 

"Loan paper is still scarce," said a secondary loans banker, "but ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 215,144.94 568 11.30%
2 Bank of America Merrill Lynch 197,686.07 611 10.38%
3 Citi 118,653.22 358 6.23%
4 Wells Fargo Securities 103,610.68 384 5.44%
5 MUFG 101,116.94 577 5.31%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Sumitomo Mitsui Financial Group 3,299.26 7 9.41%
2 Standard Chartered Bank 3,013.82 10 8.60%
3 First Abu Dhabi Bank 2,953.95 12 8.43%
4 BNP Paribas 2,737.23 6 7.81%
5 Citi 2,083.52 9 5.94%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,725.19 29 6.33%
2 JPMorgan 5,589.28 27 6.18%
3 Credit Agricole CIB 5,555.86 31 6.14%
4 Deutsche Bank 5,234.59 31 5.79%
5 BNP Paribas 4,989.41 40 5.52%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 28,016.33 112 7.96%
2 Credit Agricole CIB 25,940.57 107 7.37%
3 JPMorgan 21,834.93 53 6.20%
4 Bank of America Merrill Lynch 21,382.31 54 6.07%
5 SG Corporate & Investment Banking 16,903.46 80 4.80%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%