The number of companies negotiating a debt deal with banks rose from 80 in July to 128 last month, Turkey’s Union of Banks said. A report on the organisation’s Web site noted that so far none of the companies conducting debt negotiations in August had managed to arrive at an agreement with banks so far.
Of the 80 companies that were open to benefit from the so-called Istanbul approach (a mechanism for voluntary corporate debt restructuring) until the end of July, a total of 21 deals have been r...

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