By Christine Van Dusen
Atlanta, April 12 – Alternatifbank AS priced a $300 million issue of 8¾% notes due in 2026 to yield 9% on Tuesday, a market source said.
The notes were initially talked at 10%, then revised to the area of 9% to 9¼%.
BofA Merrill Lynch, Citigroup and Commerzbank were the bookrunners for the Regulation S deal.
Other details were not immediately available on Tuesday.
The lender is based in Istanbul.
| Issuer: | Alternatifbank AS
|
| Amount: | $300 million
|
| Maturity: | 2026
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup, Commerzbank
|
| Coupon: | 8¾%
|
| Yield: | 9%
|
| Call options: | Non-callable for five years
|
| Trade date: | April 12
|
| Distribution: | Regulation S
|
| Price talk: | 10%, revised to a range of 9% to 9¼%
|
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