Turkey
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A $1bn anchor order from an official institution bolstered Turkey's order book -
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Turkish equity capital markets have been barren for years as the economy nosedived
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The borrower showed once more that it can come up trumps in the bond market when dealt a difficult hand
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Like its Turkish peers, DenizBank has signed for a smaller loan at a much higher price
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Observers praised the embattled issuer’s experience in picking the right moment to print
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One investor said that despite Turkey's economic problems the latest issue looks attractive
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Some lenders have cut back Turkish lending but banks do have less of a need for foreign currency
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One Turkish bank expects a third of lenders to drop out of loans this autumn
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Expected rollover rates in the latest Turkish bank loan refinancings suggest lenders are reducing their exposure
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The size of the Turkish lender’s new loan is much reduced from previous deals
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Unlike other Turkish banks which have either called or stuck with old bonds, Fibabanka tried an exchange
