Turkey
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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
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Expectations of Fed rate cuts have turbocharged issuance from the region
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Turkish banks are bolstering capital stacks ahead of accounting changes next year
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Turkish bank is tendering the 2027 bond it didn't call in 2022
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Sovereign will probably print the five-year sukuk on Tuesday
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Akbank and TEB added two-year loans to their refinancings