Article · Private Credit
Private Credit 2.0: Why Emerging Markets Are Becoming the Next Frontier
Private credit has never had more capital, yet finding transactions worth financing has become increasingly difficult. The constraint is no longer capital — it is origination. Why the next phase of the asset class will be defined by those who can originate, structure and execute institutional-quality opportunities across selected emerging markets.
Briefing Note · Debt Capital Markets
Eurobond & EMTN Markets: A Primer for Turkish Corporate Issuers
Following the record ~$33bn issuance year in 2024, international bond markets have reopened decisively for Turkish corporates. This note covers market structure, Reg S / EMTN frameworks, the current issuer universe with verified data, and where secondary market levels sit today.
Article · Corporate Financing
Turkey Corporate Financing: When Bank Funding Shortens
Turkish bank lending is growing — but for corporates, access is becoming both more selective and shorter in tenor. Short-term loans have risen from 31% to nearly 47% of total lending since 2021. That combination creates a risk that is not yet fully recognised: refinancing risk.
Article · Corporate Financing
Turkey Corporate Financing: An Underutilised Toolkit
Turkish corporates are not facing a shortage of financing options. They are facing a structural gap between the capital that is available and the capital that is actually being used — across domestic bonds, international markets and private credit.
Article · Capital Structure
Turkey: The Case for a Shift from Refinancing to Capital Structure Optimisation
Dun & Bradstreet's 2026 Global Bankruptcy Report placed Turkey sixth globally for the pace of corporate insolvency growth in 2025. The question for Turkish corporates is not whether the cycle is turning — it clearly is — but whether they are positioned to take advantage of it.
Article · Private Credit
Turkey Private Credit: Opportunity in a Market that Rewards Local Knowledge
As institutional allocators become more selective, Turkey offers a deep borrower base, attractive risk-adjusted returns and a regulatory framework that is genuinely navigable — for those who know it.