Turkey
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Investors feared the worst, but Erdoğan has performed a volte-face since winning in May -
Erdogan has shown that he is willing to listen to foreign investors, but they must act
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Nearly $15bn of Turkish bank and corporate bonds have matured since 2021, with next to no new issuance
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Investors and analysts fear central bank has not gone far enough in its fight against inflation following rally in bonds
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An Abu Dhabi investment firm has committed to $8.5bn of earthquake relief bonds
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Eager investors appear willing to ignore hawkish signs with more borrowers likely to contemplate bonds
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Blamed on 'extreme investor caution', the failure of the company's flotation is a blow for the London Stock Exchange but is not expected to damage the three remaining live IPOs
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Banks have not abandoned Turkish clients despite rising risks, but prices have risen for borrowers
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Investors hope Turkey is returning to some form of economic normality, but are still nervous
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Early hopes of a change of policy, if not of leader
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The high likelihood of an Erdogan victory has prompted bondholders to flee Turkey debt
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- Pivotal moment for Turkey’s bond issuers - Once upon a time… in Ecuador - Crunch time for RMBS
