Turkish bank loans dive in secondary

摘要

Turkish banks' secondary loan prices have hit their lowest point since early 2012, further complicating their efforts to refinance billions of dollars of loans as the country's financial crisis shows no signs of easing. Average secondary bids for Turkish bank loans hit 97.94 on August 20,114bp lower than 99.08 on August 1, according to LPC data. This is the lowest level since January 2012 when loans touched 97.89 after Turkish troops were killed on the Iraqi border.