Turkey
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Sovereign is prioritising tapping new investors, not securing low prices, with its ESG framework -
The EM bond market had a tough day on Wednesday but Turkey is 'uniquely positioned'
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Short pause in issuance expected while country comes to terms with disaster
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Turkish private sector issuers tipped to follow with deals of their own
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Bookrunners were unsure how much demand there would be given the drought in Turkish bank issuance
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Turkish state owned banks are not under government pressure to issue in dollars, said bankers
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The state-owned export bank drew a book over $1.75bn in a now rare non-sovereign deal from Turkey
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Turkey's economic woes have subdued its IPO market for years
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The new issue premium on offer was considerably smaller the last new bond issued by the sovereign
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Turkey has benefited from support from official investors in the Middle East
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A $1bn anchor order from an official institution bolstered Turkey's order book
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