Turkiye Sise talks dollar seven-year notes to yield 7¼%-7 3/8%

By Rebecca Melvin

New York, March 7 – Turkiye Sise ve Cam Fabrikalary AS was talking a planned U.S. dollar-denominated benchmark offering of seven-year notes on Thursday to yield in the range of 7¼% to 7 3/8%, according to a syndicate source.

Order books for the offering were about $950 million at late morning in the New York trading session.

Citigroup and JPMorgan are bookrunners for the new notes.

The Istanbul, Turkey-based glass maker and marketer was also tendering for up to $50 million of its $500 million 4¼% notes due 2020. But the company on Thursday increased the potential tender cap to $250 million if and to the extent that the principal amount of new notes issued in the concurrent notes offering is greater than $550 million.

Turkiye Sise manufactures and sells glass and is based in Istanbul, Turkey.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.