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Development bank's credit ratings suffered a blow after Russia's invasion of Ukraine
Books were nearly three times the issue size
◆ Higher rated Austrian lender offers more spread for similar senior preferred bond ◆ Big demand pushes deal inside fair value ◆ BCP still prints its tightest unsecured debt for more than five years
After a record 2024, Turkish corporate issuance slowed last year
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Eurobond issuance plans may have changed little, but domestic borrowing is to double
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Turkish bank reduced the cost of its loan by more than expected, said one loans banker
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Sale took place on volatile day but big book saw it through
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Orders pass $4bn for army funder
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Strong secondary performance will encourage any other Turkish issuers planning bonds