Posted on 14 February 2011
Investment banking expects a bright year in Turkey
Turkeys investment banking is likely to see a fruitful year in 2010 with many opportunities, according to the executive of the Industrial Development Bank of Turkey (TSKB), the first private investment and development bank of Turkey.
Initial public offerings (IPOs) may start in 2010, which will also be an active year in terms of acquisition consultancy operations, particularly with power generation and distribution privatizations, according to Halil Eroglu, managing director of TSKB.
Speaking to business daily Referans, Eroglu said the decrease of Turkish lira interest rates might encourage the private sector to issue bonds next year. Private sector bond issues result in lowering costs for companies, he said, adding that they may also bring in more revenue than purchasing Treasury bonds. Expecting activity both in primary and secondary capital markets, Eroglu said that even a scenario in which interest rates start to rise will offer satisfying income potential for investors in capital markets.
30 December 2009 – Quoted from Invest in Turkey (Referans)