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Latest coverage of Turkey:
Moody’s junks Turkish covered bonds after sovereign cut 29 August 2018
Moody’s yesterday downgraded to sub-investment grade all the Turkish covered bonds it rates, including VakıfBank’s euro benchmark, after lowering the country’s local currency bond ceiling from Baa2 to Ba1 as it cut the sovereign from Ba2 to Ba3 two weeks ago.
Vakıf placement takes lira covered beyond dev banks 12 October 2017
VakıfBank has privately placed a TL1.3bn 5.5 year covered bond that is the first Turkish lira-denominated covered bond from Turkey to be placed away from development banks, as part of its efforts to diversify funding and mitigate interest rate pressure in the Turkish lira deposit market.
Akbank places TL839m green SME covered with EIB 4 August 2017
Halkbank unveils plans for covered bond issuance 25 July 2017
Garanti placing TL305m with EBRD for green mortgages 20 July 2017
Garanti places ‘ground-breaking’ green-pledge covered with IFC 2 June 2017
İşbank finalises covered bond programme after senior reopening 25 April 2017
VakıfBank moves to avoid downgrade by committing more OC 4 November 2016
Yapı Kredi gets provisional Moody’s rating for euro debut 24 October 2016
Turkish covered cut by Moody’s, Vakıf still on review 27 September 2016
Covered bonds among safest Turkish paper, says Moody’s, but risks noted 20 May 2016
Vakif hits diversification goal, eyes pricing through Turkey 27 April 2016
VakifBank blow-out debut a validation of Turkish covered 26 April 2016
PKO pricing PLN500m Polish first, eyes H2 euro debut 22 April 2016
VakifBank covered bond set ‘to open new door’ for Turkey 12 April 2016
Duration in vogue after ABN stars, Vakif mandates 8 April 2016
Akbank in Turkish mortgage first, but Sekerbank on hold 20 February 2015
Turks get green light for first mortgage covereds, offshore 18 December 2014
VakifBank seeks mortgage OK after Turkish changes 25 November 2014
Sekerbank mulls public first before year-end after regulatory nod 26 August 2014
Akbank joins Turkish covered line-up 16 July 2014
Collateral, euro and issuer moves cited in Turkish vision 28 May 2014
Turkish SME covered face reviews after Moody’s issuer cuts 24 March 2014
Moody’s reviews Sekerbank, Yapi Kredi for downgrade in broad Turkish action 19 March 2014
Unified Turkish regs improve covered bond laws, says Moody’s 27 January 2014
Turkey’s CMB releases covered bond communiqué, details key points 21 January 2014
Correction to article on Capital Markets Board of Turkey communiqué 14 January 2014
Correction to article on Capital Markets Board of Turkey communiqué 13 January 2014
First Turkish mortgage deals seen as law change planned 5 December 2013
Vakifbank adds to Turkish mortgage covered pipeline 22 July 2013
Garanti approves mortgage covered bond issuance 5 July 2013
Denizbank makes triple-tranche SME covered debut 6 June 2013
Moody’s sees SME backed growth, adopts neutral stance 6 June 2013
Covered bonds included in Halkbank debt issuance authorisation 4 June 2013
Turkey’s Deniz sets up SME programme, IFC set to invest 1 May 2013
Sekerbank explores possibility of first publicly issued Turkish covered 20 November 2012
Turkey’s Yapi Kredi issuing first, SME-backed covered 16 November 2012
Yapi Kredi move adds to Turkish covered’s SME focus 24 September 2012
Turkish mortgage covered bonds ‘sooner rather than later’, says S&P 1 May 2012
Şekerbank unveils second issue, EBRD buys in to support goals 14 December 2011
Moody’s hails funding boost after Turkish legal changes 16 August 2011
Rule changes, Şekerbank lessons ease way for Turkish 10 August 2011
Mould-breaking Turkish deal’s status raises questions 29 July 2011
Sekerbank ready for more after trio take SME debut 27 July 2011
