Turkey

Turkish bank Yapi ve Kredi Bankasi has hired four banks to arrange a dollar tier two bond that it expects to issue in early 2016, using the December quiet spell to capture credit investors’ attention.

Albaraka Turk

Military tension with Turkey sent Russia’s credit default swap spread wider this week but Russia’s apparent rapprochement with the west has seen investors treat Russian bonds in a much brighter light.

Albaraka Turk Katilim Bankasi (Albaraka Turk) priced Turkey’s first Basel III compliant tier two sukuk deal in line with guidance on Monday.

Trafigura — Gategroup — Marel — Turk Telecom — Garanti — Schuldscheine —

Turkey’s Garanti Bank will sign its second loan refinancing of the year in London on Friday, according to a lead banker.

Albaraka Turk Katilim Bankasi (Albaraka Turk) priced Turkey’s first Basel III compliant tier two sukuk deal in line with guidance on Monday.

Turkey shot down a Russian warplane on Tuesday morning near its border with Syria. The response to the attack in the bond market has been muted.

Turk Telekom has agreed an $826m-equivalent loan with banks to refinance debt and provide working capital.

Albaraka Turk Katilim Bankasi (Albaraka Turk) opened the pricing for an innovative tier two sukuk deal on Monday morning with initial thoughts of 10.5% area.

Finansbank has picked banks for a senior dollar benchmark that would be the first in the format from a Turkish bank since April.

In this round-up, new RMB mini metals contracts coming on HKEx, Singapore Exchange and EBS to launch CNH block futures, Turkey renewed its RMB swap line, and Morgan Stanley said one of its funds will start trading via the Shanghai-Hong Kong Stock Connect link.