CEE & Turkey
CASE STUDY: Kuveyt Türk Limits Execution Risk with First Sukuk of 2016
Kuveyt Türk, the leading Islamic bank in Turkey, launched a capital boosting sukuk in what became the first international sukuk to emerge from the country since the start of 2016. The deal priced amid high volatility surrounding the emerging market sphere.
17 Nov 2016
Turkey: An Economy in Need of Transformation
Without a strong revival on the fixed income investment outlook for Turkey, analysts remain bearish on the country’s prospects. As Turkey’s relatively young population moves into the workforce en masse, hopes for the country’s longer-term prospects hinge on confidence in an economic and structural evolution long overdue.
16 Nov 2016
CASE STUDY: Rönesans Places First TRLIBOR-Indexed Bond in Turkey
Rönesans Holding’s 3-year TRY200mn floating rate note was the first TRLIBOR-indexed local currency bond in Turkey. The issuance also helped extend average maturities on comparable instruments and helped deepen the country’s capital markets.
14 Nov 2016
International Investors on Turkey’s Post-Downgrade US$1.5bn Bond Feat
Opinion is divided about the reasons behind Turkey’s recent success on the international debt markets, but questions remain over the country’s long-term investment potential.
11 Nov 2016
CASE STUDY: First International Residential Mortgage Backed Covered Bond in Turkey - Vakifbank
As the first ever international residential mortgage covered bond in Turkey, Vakifbank’s €500mn issuance led the way for other Turkish banks to capitalise on this growing market and opened up new pools of liquidity for the institution.
11 Nov 2016
CASE STUDY: Turkey’s First Basel-III Compliant Tier II Sukuk - Albaraka Turk
Albaraka Turk saw strong demand from the MENA region for its US$250mn Basel III-compliant Tier II sukuk, the first seen from Turkey, against a backdrop of emerging market turmoil and political volatility.
11 Nov 2016
Fostering the Green Bond Market in Turkey
The overwhelming demand for Turkey’s TSKB green notes in May promised to open the floodgates for climate bond deals. While that promise has not yet materialised, enduring investor interest in Turkey and other parts of the world, coupled with an increasing emphasis on green bond standardisation, is raising hopes for the future of renewable energy finance.
11 Nov 2016
CASE STUDY: A Green Step Forward for Turkish FIs - TSKB
As the first green bond to be issued by a Turkish FI, Turkiye Sinai Kalkinma Bankasi’s (TSKB) US$300mn 5-year notes saw tremendous demand from accounts Europe and Asia, helping to set the benchmark for other Turkish issuers looking to raise capital for sustainable projects.
11 Nov 2016
Turkey Retains Investor Appeal
Despite the events this summer, Turkish issuers can expect solid demand in global capital markets, writes HSBC Turkey
4 Nov 2016
Burcu Geris, CFO, TAV Airports Holding - Turkish Aviation Sees Strong Year Ahead
Tourism was down in Turkey this year, largely the result of political instability and security concerns. As the political environment within Turkey stabilises, the aviation sector could see a strong revival on the horizon. Bonds & Loans speaks with Burcu Geris, Chief Financial Officer of TAV Airports Holding about the outlook for the aviation sector and new global opportunities being pursued by…
4 Nov 2016