By Christine Van Dusen
Atlanta, July 16 – Turkey’s Alternatifbank AS sold $250 million 3 1/8% five-year notes at 99.477 to yield 3.239%, or mid-swaps plus 143 basis points, a market source said.
The notes were priced tighter than talk, which was mid-swaps plus 160 bps to 170 bps
BofA Merrill Lynch and Commerzbank were the bookrunners for the Regulation S deal.
The lender is based in Istanbul.
| Issuer: | Alternatifbank AS
|
| Amount: | $250 million
|
| Maturity: | July 21, 2019
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Commerzbank
|
| Coupon: | 3 1/8%
|
| Price: | 99.477
|
| Yield: | 3.239%
|
| Spread: | Mid-swaps plus 143 bps
|
| Trade date: | July 16
|
| Settlement date: | July 21
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 160 bps to 170 bps
|
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