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| Author: | Bodgener, J. |
| Title: | Turkish borrower blots the ledger |
| Journal: | Euromoney
1994 : NOV, p. 52-55 |
| Index terms: | TURKEY BANKING INVESTMENT |
| Language: | eng |
| Abstract: | Turkey has bounced back from its foreign exchange crisis and borrowers are keen to tap foreign markets. But a pulled deal makes it harder to tempt back investors. Jim Bodgener reports. After eight months of exile from the markets, Turkish issuers are looking to borrow again. There is a fragile stability in the domestic markets, after the trauma of the first half of the year, when the lira fell almost 40% against the dollar. What the borrowers need now is a benchmark sovereign deal that will lift foreigners' confidence in Turkey's recovery. |
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