Turkey, tortoises and DiCaprio

Send us Fan MailPivotal moment for Turkey’s bond issuersOnce upon a time… in EcuadorCrunch time for RMBSIt’s not every day that a Hollywood megastar endorses a bit of finance arranged by a notorious investment bank to protect the Galapagos Islands; in fact that is a very specific set of circumstances indeed. So, when Leonardo DiCaprio posted on Instagram this week in praise of the largest debt for nature swap so far — for Ecuador, arranged by Credit Suisse — we had to talk about it.The drama around the deal is even higher for it coming at a time when Ecuador’s president is at risk of impeachment. And another president who might be facing an imminent exit is Turkey’s Recep Tayyip Erdogan. We look at what the country’s elections this weekend will mean for its bond issuers.Finally, we brace for a critical period in European securization as RMBS issuance ramps up as banks wean themselves off central bank funding.