Oil Proves Unlikely Boon to Turkish Banks That Wrote Off 2016

Updated on
  • Lenders' bond sales went from zero to $1.75b in market bounce
  • Neuberger says Fed, ECB policy to help support bond sales

When one of Turkey’s biggest banks predicted in January the country’s lenders may not sell a single Eurobond in 2016, few could have foreseen that an oil rally would help drive a surge in issuance.

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