Turkish Corporate Debt Sees Revival as Investor Confidence Grows

A flurry of international debt sales by Turkish banks helped jolt the country’s corporate eurobond market into life, as companies seize on investor demand after the government’s shift to more orthodox economic policies.

In the first corporate offering in nearly a year, household appliances maker Arcelik AS this week issued $400 million of bonds. Four major Turkish banks — Turkiye Vakiflar Bankasi TAO, Yapi ve Kredi Bankasi AS, Turkiye Is Bankasi AS and Turkiye Sinai Kalkinma Bankasi — also sold eurobonds this month.