China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

Access the results now

February 2008

Turkey: Strong start to 2008 allays funding fears

The Republic of Turkey, emerging Europe’s most prolific issuer in the international debt markets, made a strong start to 2008 with the reopening of its 2018 6.75% dollar Eurobond for $1 billion.


"The positive response to Turkey’s debut transaction clearly showed that there is demand for liquid sovereign Eurobonds from emerging market issuers"
Gunter Deuber, RZB

The transaction, now $2.3 billion, was one of several well-received emerging market sovereign Eurobonds to come to market at the start of the year, with Colombia, Indonesia and Mexico also looking to hit the ground running in January.

With primary Eurobond markets effectively closed at the end of 2007, Turkey’s tap of a benchmark issue marked an...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today