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Turkey’s Zorlu Enerji to Miss Coupon on $1.1 Billion Bond

Source: Bloomberg

Credit & Bond MarketsCompany Fundamentals

Zorlu Enerji, the Turkish power producer and distributor, will miss a coupon payment due this week on its $1.1 billion bond, according to people familiar with the matter. The report signals credit stress at the company but does not specify the coupon amount or broader payment implications.

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