Turkey
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The yield and coupon were among the highest ever offered by a Turkish corporate issuer -
Only one Turkish company has offered a higher yield at initial price talk in the past two years
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Investors expect the sovereign to eye the sukuk market
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Turkish banks signs $750m-equivalent deal with one, two and three year maturities
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Sovereign will not have much problem raising what it needs to on the bond market this year
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New bonds from Turkey won't appear until late April, said one investor
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Turkish issuers planning new bonds may have to hold off for a week or two, said one investor
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A senior trade from Yapi Kredi on Monday drew a book more than three times the deal size
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The trade has found a 'decent reception' so far
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Pair bring $8bn between them after a rough start to the week
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Energy firm's market premiere is eighth from a Turkish company since January 2024
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New issue premium of 50bp at initial pricing but plenty of tightening expected
