Turkey
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The Turkish sovereign sold a $2.5bn sukuk on Tuesday, paying no concession -
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
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The yield and coupon were among the highest ever offered by a Turkish corporate issuer
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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
