By Christine Van Dusen
Atlanta, Oct.1 - Export Credit Bank of Turkey SA (Turk Eximbank) priced a $250 million add-on to its 5 7/8% notes due April 24, 2019 (Ba1/BB/) at 109.875 to yield 4.136%, a market source said.
The notes were talked at a price in the 109.25 area.
Barclays, Citigroup, ING and Standard Chartered were the bookrunners for the Rule 144A and Regulation S deal.
The original $500 million issue priced in April at 98.927 to yield 6.065%, or mid-swaps plus 445 bps.
Turk Eximbank is an Ankara, Turkey-based export credit agency.
| Issuer: | Export Credit Bank of Turkey SA (Turk Eximbank)
|
| Amount: | $250 million
|
| Maturity: | April 24, 2019
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Citigroup, ING, Standard Chartered
|
| Coupon: | 5 7/8%
|
| Price: | 109.875
|
| Yield: | 4.136%
|
| Trade date: | Oct. 1
|
| Settlement date: | Oct. 9
|
| Ratings: | Moody's: Ba1
|
| Standard & Poor's: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 109.25 area
|
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