JPMorgan Calls Turnaround on Turkey as More Borrowers Return

JPMorgan Chase & Co.’s top executive in Turkey said the momentum from the government’s international debt sale will likely carry over into corporate borrowing after the country largely missed out on this year’s boom for emerging-market Eurobond offerings.

“With this deal, international capital markets will open up for issuances from Turkey again,” Mustafa Bagriacik, senior country officer for Turkey and Azerbaijan for the U.S. lender, said in an online interview. “We expect the interest in Turkey’s debt market to come back next year as international investors see more stability in the economy.”