Investment grade Turkey tested in bumpy year

Gerald Hayes

January 07, 2014 05:30 PM

In spite of the pressures exerted on emerging market borrowers as concerns over US Federal Reserve tapering mounted over the summer, Turkey had another highly successful year in the international capital market in 2013. As well as completing its borrowing programme for the year at very competitive levels and further diversifying its sources of funding, the Turkish Treasury was able to pre-fund some of its requirement for 2014. In this interview, undersecretary of the Treasury İbrahim H Çanakcı discusses Turkey’s funding strategy with EuroWeek’s Phil Moore.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Japan’s bold bet on transition bonds offers new pathway for the world

Japan’s landmark sovereign climate transition bonds have made it a frontrunner in global efforts to achieve net zero and — despite criticisms — offer a much-needed template for other countries pondering their own transition frameworks. Rashmi Kumar reports.

Roundtable: Markets reopen into an unclear future

From elections to equivalence, it has been an interesting year for the euro covered bond market. As the European Central Bank has fully left the market, covered funders have needed to unearth new — and returning — pockets of demand. In early August, GlobalCapital virtually convened a panel of issuers, investors and intermediaries to discuss what shaped euro covered bond issuance this year, and what is in store for 2025

Frank Jackman, September 04, 2024

Issuers look at cover pools beyond mortgages

Covered bonds are not just for mortgages. Interest in secured funding is growing across Europe as issuers look to use all the assets on their balance sheets. But regulatory requirements could hinder development and push issuers to seek out alternative modes of financing, reports Frank Jackman

Frank Jackman, September 04, 2024

Covered issuers gain upper hand

Though issuance may fall short of hitting record heights in 2024, the euro covered bond market looks in robust shape, with longer tenors and tighter prices available for issuers. Austin Barnes writes that the data from GlobalCapital’s Primary Market Monitor shows just how strong conditions have been

Austin Barnes, September 04, 2024