Turkey
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Pair bring $8bn between them after a rough start to the week -
Energy firm's market premiere is eighth from a Turkish company since January 2024
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New issue premium of 50bp at initial pricing but plenty of tightening expected
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Country's policy turnaround enthuses bond buyers
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Three high yield trades on Tuesday drew healthy demand
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Other Turkish banks may offer deals as the market waits for Turkey's sovereign to issue
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Books for dual trancher exceed $2.75bn despite 'squeezed' Turkish levels
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New issue concession was minimal at worst, estimated bankers
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There was no hesitation in starting issuance this year with subordinated debt
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Observers disagreed on the revolution's potential impact on Turkey and other neighbours
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Sovereign's $2bn outing in February was a huge success
