Loan Tells the Story of Lira’s Weakness
Constantine Courcoulas
When the owner of Turkey’s biggest phone company received the nation’s largest-ever loan in 2013, it trumpeted the deal as so "hugely oversubscribed" that banks had to lend less than they wanted. Three years later, a missed payment may leave those banks grateful they were cut off.
More:Turkey’s Biggest Unpaid Loan Tells the Story of Lira’s Weakness - Bloomberg