Finansbank offers juicy pickup with rare dollar MTN

By Graham Bippart
16 Oct 2014

Finansbank sold its fourth dollar denominated MTN on Monday as Turkish banks attract short-end investors with higher yields than their peers in other emerging markets such as India and China.

“Indian banks’ yields have come down and quite few Chinese names have been bought already, so investors don’t have lines for them, whereas with Turkish banks they still have lines available," said an MTN banker. “They offer a yield pick-up over other names which is ...

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