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Zorlu Enerji Bond Set for Record Drop as Firm Taps Debt Advisers
Source: Bloomberg
Credit & Bond MarketsCurrency & FXCompany FundamentalsEnergy Markets & PricesEmerging Markets
Zorlu Enerji's bond is set for its largest decline on record after the Turkish energy company hired advisers amid weakening sales and lira depreciation. The weaker operating performance and currency pressure are raising concerns over its ability to service international debt, creating material credit risk for bondholders.
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