Halkbank IPO triumphs as $11bn of orders show investors unfazed by Turkish politics

10 May 2007

In the midst of the worst political crisis in Turkey for 10 years, Halkbank completed a historic TL2.5bn ($1.86bn) privatisation IPO this week, suggesting that investors are firmly confident in Turkey’s fundamental prospects — indeed, eager to get a piece of the action.

Goldman Sachs got the international institutional ...

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