Turkey
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The reaction was so benign that a small bank printed an AT1 this week -
BBVA and ENBD learnt of change when IPTs were put out
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Prices have recovered from spring sell-off
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Pricing did not move from initial pricing until mid-afternoon, despite huge book
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Books over $1.6bn, but investor questions start point
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The Turkish sovereign sold a $2.5bn sukuk on Tuesday, paying no concession
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Sovereign and Garanti are following Turk Eximbank's successful Monday deal
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Markets continue to remain benign, according to one EM syndicate banker
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Longer tranches added during syndication off back of lender demand
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The Turkey sovereign trade was as well timed as ever, said observers
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Fair value for a seven year has not changed much since February's trade, thought one banker
