|Bid||6.86 x 0|
|Ask||6.88 x 0|
|Day's Range||6.60 - 6.93|
|52 Week Range||5.38 - 8.35|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||5.96|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.67|
Turkey's plan to clean up some $13 billion (10 billion pounds) in bad energy loans, one of the worst hangovers from last year's currency crisis, is taking shape even as some banks hold out for the government to agree to safeguards and higher electricity prices. According to interviews with more than a dozen bankers, investors, advisers and company executives, Ankara is working with lenders to craft legislation that would protect them from sharp losses as the debt is removed from their books, safely packaged as funds, and sold to foreign investors perhaps after a couple of years. The stakes are very high as Turkey takes the first of several steps needed to emerge from recession and halt a renewed selloff in the Turkish lira, including fixing its vast but troubled real estate and construction sectors.
Turkey will issue euro- and dollar-denominated government bonds to resident and non-resident individual investors from Dec. 17-21, the Treasury said on Wednesday. In a statement, the Treasury said the demand for the securities would be collected through intermediary banks, including state lender Halkbank, Is Bank, Akbank, and others.
Emerging market stocks were on track for their steepest one-day fall in two weeks on Wednesday, following Tuesday's decidedly negative lead from Wall Street, while most emerging market currencies clocked losses against a slightly firmer dollar. MSCI's index of developing world stocks dropped 1.2 percent while its index of emerging market currencies slipped 0.3 percent.