Turkish banks return — Halk succeeds with big book, others line up

By Francesca Young
29 May 2014

Halkbank this week led a revival in Turkish bank issuance, selling the first paper since April and the third deal of the year so far from the sector, while Vakifbank announced plans for a euro roadshow and Kuveyt Turk made public its plans to issue sukuk.

Bankers hope that the success of Halkbank, which printed a $500m five year bond flat to its curve on Wednesday – having built a book of over $4.25bn – will encourage other banks from the country off the sidelines. The bond benefitted from a low supply of Turkish ...

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