Market conditions continue to test every economy around the globe. And as debt concerns in the eurozone continue, Turkey cannot help but feel the impact. But with strong economic fundamentals in place after the battering from its own storm a decade ago, the country is well-placed to face the external challenges that may be ahead, writes Katie Llanos-Small.
With the bulk of its international market funding out of the way for 2010, the outlook is good for Turkey. But with weighty annual funding needs and a cluttered redemption profile, it’s not all plain sailing ahead for the debt management office, writes Katie Llanos-Small.
Turkey’s banks have issued syndicated loans with great aplomb in the last 18 months, having found other debt markets shut to them. Now they are looking to move up a level, into the Eurobond market. As Paul Wallace reports, capital markets investors are likely to find Turkish financial institutions just as enticing as lenders in the bank market do.
Whenever Turkey’s corporate borrowers decide to tap international debt markets, they usually find it a breeze. The problem, for bankers and investors, is that they do so too infrequently. But that could be about to change, especially with regards to syndicated loans. Paul Wallace reports.
The outlook for equity capital market offerings in Turkey is promising: a diversified economy, healthy growth and a stable banking sector should pave the way for IPOs from a broad range of companies. But can the private sector make its IPO dreams a reality? Robert Vielhaber reports.
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