Page 77 - TURKRptDec19

Singapore's PSA International controls 51% of MIP while Australia’s IFM Investors has a 39% stake and Akfen Holding of Turkey owns the remaining 10%.
In September, MIP said its eurobonds, listed on the Irish Stock Exchange, had become callable at par.
The activity of eurobond issuers across the Emerging Europe, EMEA and Eurasia regions, which has risen since October, is still growing with the latest ruble-denominated eurobond sale by Russian hydropower major Rushydro a clear sign that the latest Fed easing is moving capital, albeit not as yet at levels seen in previous easing cycles​. “Emerging markets issuers are pumping out mandates, with the buy-side showing little sign yet of closing shop for the year, but investors are ‘not’ throwing cash at everything,” Global Capital reported on November 13 in a story entitled “EM conditions still welcoming for issuers but slip-ups are a danger”.
Capital Economics estimates that net capital outflows from emerging markets (EMs) eased in October, and more timely data point to a further improvement so far this month, the economic research company said on November 20 in its latest Emerging Markets Capital Flows Monitor for October.
But Capital doubts that, on a net basis, capital will flow into EMs anytime soon, even though foreign investors made net purchases of equities and bonds for the first time in nearly four months during the first week of November.
77​ TURKEY Country Report​ December 2019 ​ ​www.intellinews.com