Publication: Turkey - Corporate Bond Market Development : Priorities and Challenges
Date
2012-02
ISSN
Published
2012-02
Author(s)
World Bank
Abstract
The study is in response to a request by
the Capital Markets Board of Turkey to assist them in
developing the corporate bond market in line with best
practices globally. The objective of this study is to carry
out an assessment of the status of the corporate bond market
in Turkey. The study identifies key impediments and
solutions to sustainable development, and it presents a
roadmap to address the key impediments to the development of
a dynamic and robust corporate bond market. This study
provides a comprehensive review of the Turkish corporate
bond market: chapter two provides an overview of the Turkish
economy and financial sector; chapter three discusses key
impediments to the vibrant development of the corporate
bond; chapter four looks at the Turkish bond market within
global bond markets and gives a review of the Turkish
government bond market; chapter five discusses issues
relating to the investor base, factors constraining the
growth of a broad and diversified investor base are
highlighted; chapter six provides an overview of derivatives
market in Turkey and discusses its important role in
enhancing liquidity in the secondary markets for government
and corporate bonds. The study concludes with a recommended
roadmap to develop the corporate bond market in chapter
seven. The annexes cover the latest corporate bond offerings
in Turkey and examine the expected transaction costs. Survey
details of the survey are also in the annex, and details on
selected emerging market corporate bond markets and market
issues relating to the legal, regulatory and tax frameworks
for the bond market.
Citation
“World Bank. 2012. Turkey - Corporate Bond Market Development : Priorities and Challenges. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/305f7a0d-7f24-5497-8035-c69c74453479 License: CC BY 3.0 IGO.”