A pair of debut Eurobond issues from top Turkish corporates in less than a month has prompted bankers to predict that greater corporate Eurobond issuance from the country is here to stay.
White-goods producer Arcelik sold an inaugural $500 million 10-year bond at the end of March. Arcelik’s parent company, Koc Holding – Turkey’s largest conglomerate and a market leader from car manufacturing to banking – then made its global market debut with a $750 million seven-year note in mid-April.
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