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Turkey’s Turk Eximbank launches $500 million seven-year notes at mid-swaps plus 400 bps
By Christine Van Dusen
Atlanta, Oct. 18 – Export Credit Bank of Turkey SA (Turk Eximbank) launched $500 million of notes due Oct. 24, 2023 (expected ratings: Ba1//BBB-) at mid-swaps plus 400 basis points, following talk in the 410 bps area, a market source said.
Citigroup, HSBC, ING, Mizuho Securities, MUFG and Standard Chartered Bank are the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for general corporate purposes.
Turk Eximbank is an Ankara, Turkey-based export credit agency.
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